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naddr1qv…wdgqOpenAI and SoftBank are starting a $500 billion AI data center company The Stargate Project, a new initiative to build AI data center infrastructure in the United States, is commencing its buildout in Texas with significant participation from companies like Oracle, MGX, Microsoft, Nvidia, and Arm. Initial equity funders, including SoftBank, OpenAI, and Oracle, are committing $500 billion over four years to this venture. Separately, Microsoft has updated its partnership with OpenAI, extending their agreement through 2030 and securing a right of first refusal on new capacity. - The Stargate Project is beginning its buildout in Texas. - Initial equity funders include SoftBank, OpenAI, and Oracle, committing $500 billion over four years. - Tech partners involved are Arm, Microsoft, Nvidia, Oracle, and OpenAI. - Oracle, NVIDIA, and OpenAI will collaborate to build and operate the computing system. - Microsoft and OpenAI have updated their partnership, extending it through 2030. - Microsoft has made a new, large Azure commitment for OpenAI's products and training. - Microsoft has a right of first refusal over OpenAI building new capacity. Continue reading https://www.theverge.com/2025/1/21/24348816/openai-softbank-ai-data-center-stargate-project