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The Stargate Project: Difference between revisions
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The Stargate Project is a new AI company formed by OpenAI, SoftBank, Oracle, and MGX. This company aims to invest up to $500 billion in AI infrastructure across the United States by 2029. The project was announced on January 21, 2025, by former President Donald Trump. Masayoshi Son will serve as the chairman of the company. | {{Infobox company | ||
| name = The Stargate Project | |||
| type = Joint venture | |||
| industry = Artificial intelligence | |||
| founded = 21/01/2025 | |||
| founder = {{plainlist| | |||
* [[Sam Altman]] | |||
* [[Larry Ellison]] | |||
* [[Masayoshi Son]] | |||
}} | |||
| hq_location = [[United States]] | |||
| area_served = Worldwide | |||
| key_people = Masayoshi Son (chairman) | |||
| owner = {{plainlist| | |||
* [[Open AI]] | |||
* [[Oracle Corporation]] | |||
* [[SoftBank Group]] | |||
* MGX | |||
}} | |||
}} | |||
The Stargate Project {{efn|{{ lang|hi|स्टारगेट परियोजना}}}} is a new AI company formed by OpenAI, SoftBank, Oracle, and MGX. This company aims to invest up to $500 billion in AI infrastructure across the United States by 2029. The project was announced on January 21, 2025, by former President Donald Trump. Masayoshi Son will serve as the chairman of the company. | |||
==History== | |||
At a White House press conference on 21 January 2025, The US President [[Donald Trump]] introduced a new company alongside Sam Altman from [[OpenAI]], Larry Ellison from [[Oracle]], and Masayoshi Son from [[SoftBank]]. President Trump described it as ''the largest AI infrastructure project in history'' and mentioned that he would use emergency declarations to speed up its development, especially in the area of energy infrastructure.<ref>{{Cite web |last=Gedeon |first=Joseph |date=21 January 2025 |title=Trump unveils $500bn joint AI venture between OpenAI, Oracle and SoftBank |url=https://www.theguardian.com/us-news/2025/jan/21/trump-ai-joint-venture-openai-oracle-softbank |access-date=21 January 2025 |website=The Guardian}}</ref> The company began with an initial investment of 86,58,47,50,00,000.00 ₹ ({{efn|86 kharab 58 arab 47 crore 50 lakh ; $100 billion}}), with the potential to grow to 4,32,41,24,65,00,000.00 ₹ ({{efn|4 neel 32 kharab 41 arab 24 crore 65 lakh ; $500 billion}}) by 2029.<ref name=":1">{{Cite news |date=January 21, 2025 |title=Trump Announces Project Stargate, a Massive New Investment in AI |url=https://www.inc.com/ben-sherry/project-stargate-massive-new-trump-era-investment-in-ai/91109890 |access-date=January 21, 2025 |work=[[Inc.com]]}}</ref> | |||
The company is currently constructing 10 data centers in Texas,<ref>{{Cite web |last=Comment |first=Sebastian Moss |date=2025-01-21 |title=OpenAI announces 'The Stargate Project': $500bn over four years on AI infrastructure |url=https://www.datacenterdynamics.com/en/news/openai-announces-the-stargate-project-500bn-over-four-years-on-ai-infrastructure/ |access-date=2025-01-21 |website=www.datacenterdynamics.com |language=en}}</ref><ref name=":1" /> with plans to expand to additional states. President Trump has stated that he will issue executive orders to facilitate the building of the company's infrastructure. The new company projects that it will generate over 100,000 jobs across the United States. According to Altman, SoftBank will handle the financial aspects of the company, while OpenAI will manage the operational side. The key technology partners in this venture include Arm, Microsoft, Nvidia, Oracle, and OpenAI. | |||
==References== | |||
{{Reflist}} | |||
==Notes== | |||
{{Notelist}} | |||