OpenAI and SoftBank launch $500 billion Stargate project to build data centers for artificial intelligence
The Stargate project is led by OpenAI, the Japanese conglomerate SoftBank, and Oracle, listed as “primary investors”—with Sam Altman’s company handling operational activities, and SoftBank taking care of the financial side (conglomerate leader Masayoshi Son will become the chairman of Stargate).
SoftBank’s founder wants to create a $100 billion enterprise to produce chips for artificial intelligence
SoftBank Group founder Masayoshi Son is looking for $100 billion to finance a chipmaking company for artificial intelligence systems and compete with Nvidia.
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