OpenAI, SoftBank, Oracle and MGX announce Stargate, up to $500B for US AI infrastructure

OpenAI/Stargate

OpenAI announced Stargate, a new company intending to invest up to $500B over four years in US AI infrastructure. SoftBank, OpenAI, Oracle and MGX are initial equity funders; SoftBank carries financial responsibility, OpenAI operational. Building started in Texas with Arm, Microsoft, NVIDIA and Oracle as technology partners; the project expects to create over 100,000 US jobs.

• Up to $500B over four years; $100B deployed immediately for US AI infrastructure for OpenAI
• SoftBank (financial responsibility), OpenAI (operations), Oracle, MGX as equity funders
• Technology partners: Arm, Microsoft, Nvidia, Oracle; 10 data centers under construction in Texas, expanding to other states
• Expected to create 100,000+ US jobs; Larry Ellison (Oracle) revealed construction timeline