OpenAI signs deal with Oracle, Softbank for $500bn expansion across US

Date:
Wed, 22 Jan 2025 11:03:00 +0000

Description:
Project Stargate will focus on upgrading AI infrastructure across the US, creating new jobs as it goes.

FULL STORY

ChatGPT maker OpenAI has revealed its huge new Stargate Project, which it
hopes will improve the state of artificial intelligence and boost the tech sector across the US.

In a blog post announcing the launch, the AI giant confirmed it had signed a deal with SoftBank (lead partner), Oracle (initial equity funder) and MGX (initial equity funder) to provide $500 billion in funding over the course of four years.

Project Stargates wheels are already spinning, with $100 billion made
available immediately to start work, OpenAI noted.

OpenAI Project Stargate

This infrastructure will secure American leadership in AI, create hundreds of thousands of American jobs, and generate massive economic benefit for the entire world," the company's statement added.

OpenAI described the project as a re-industrialization effort for the US, adding that it would also help strengthen the national security of both
America and its allies.

Investments are currently headed to Texas, but the partnership is exploring further sites across the US to build more campuses.

Key initial technology partners will include Arm, Microsoft, Nvidia, Oracle
and OpenAI, but its the latter three that will build and operate the
computing system.

This builds on a deep collaboration between OpenAI and NVIDIA going back to 2016 and a newer partnership between OpenAI and Oracle," it added.

On the same day, Microsoft shared an update on its deal with OpenAI,
confirming that it would no longer be the company's exclusive cloud provider. However, with the launch of Project Stargate, OpenAI said it would continue
to increase its consumption of Azure, Microsofts cloud computing platform.

The announcement concluded: All of us look forward to continuing to build and develop AI and in particular AGI for the benefit of all of humanity. We believe that this new step is critical on the path, and will enable creative people to figure out how to use AI to elevate humanity.

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Link to news story: https://www.techradar.com/pro/openai-signs-deal-with-oracle-softbank-for-usd50 0bn-expansion-across-us

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