OpenAI partners with Nvidia, Microsoft and Oracle to form The Stargate Project for $500 billion investment in U.S. AI infrastructure
OpenAI partners with Nvidia, Microsoft and Oracle to form The Stargate Project for $500 billion investment in U.S. AI infrastructure
01/21/25, 11:59 PM
Location
san franciscoMoney
$500 billion
Industry
artificial intelligence
Type
partnership
OpenAI has announced a partnership with technology giants Nvidia, Microsoft, and Oracle to establish The Stargate Project, with a $500 billion investment in new U.S.-based artificial intelligence infrastructure over the next four years. The initial equity backers for the project include SoftBank Group Corp., Oracle Corporation, and MGX, with SoftBank CEO Masayoshi Son as the chairman of the new company.
Company Info
Location
san francisco, california, united states
Additional Info
The latter will receive a multi-year, multi-billion-dollar investment from the company — the exact dollar amount wasn’t disclosed — that OpenAI says will be used to continue its independent research and “develop AI that is increasingly safe, useful and powerful.”OpenAI will remain a capped-profit company as a part of the deal.