OpenAI, SoftBank, Oracle, and MGX have unveiled the $500 billion Stargate initiative to develop AI infrastructure in the U.S. over four years.
With $100 billion already committed, the project’s first data center is under construction in Texas, managed by Oracle for OpenAI’s operations.
Microsoft, NVIDIA, and Arm join as technology partners, reinforcing the initiative’s focus on U.S. AI leadership and economic growth.
SoftBank CEO Masayoshi Son will chair Stargate, with OpenAI leading operations and SoftBank driving financing efforts.
Microsoft remains OpenAI’s primary cloud provider while enabling collaboration with other providers.
The initiative aims to boost AI dominance, create jobs, and advance U.S. infrastructure in data centers and chip-making.
Additionally, Stargate plans to attract new investors and raise debt for future projects, further solidifying its goal of achieving global AI leadership.
This ambitious venture positions the U.S. as a key player in shaping the future of AI.
I’ll leave this up for now, as this deserves a full issue framed into the new geopolitical context that is developing as we speak.
Gennaro is the creator of FourWeekMBA, which reached about four million business people, comprising C-level executives, investors, analysts, product managers, and aspiring digital entrepreneurs in 2022 alone | He is also Director of Sales for a high-tech scaleup in the AI Industry | In 2012, Gennaro earned an International MBA with emphasis on Corporate Finance and Business Strategy.
