The CEOs of OpenAI, SoftBank, and President Trump, along with Oracle and MGX, have unveiled a project called Stargate valued at an impressive $500 billion. This monumental investment is intended for constructing enormous AI-focused data centers across the United States.
The company behind ChatGPT is planning to invest up to $100 billion into this project, which could generate hundreds of thousands of employment opportunities in America and strengthen the economy. SoftBank and OpenAI are key collaborators on this project, with SoftBank managing the financial aspects and OpenAI overseeing operations.
A year ago, there were whispers of a potential joint venture between Microsoft and OpenAI, aiming to pour up to $100 billion into a project called Stargate. The goal was to break free from our heavy reliance on NVIDIA for AI processors. However, the landscape has shifted since then. It appears that Microsoft is no longer involved, and the focus of Stargate seems less about designing AI chips and more about building robust data centers that can deliver immense computational power.
According to President Trump:
Our goal is to ensure that this stays within our nation, as China and other countries are competitors. We aim to establish ourselves here, and we’re planning to make it accessible. I’ll facilitate this significantly through emergency declarations since we’re facing a crisis, requiring swift construction of necessary infrastructure for power generation. We’ll simplify the process for them to expedite electricity production at their own facilities, if they prefer.
Larry Ellison, Oracle’s Executive Chairman, announced that groundwork has begun on the first data centers in Texas. What stands out is his claim that this $500 billion endeavor will culminate in the creation of the world’s largest computer yet. Beyond this technological marvel, it could pave the way for advancements in areas such as cancer treatment through vaccines, customized medication, and even pandemic prevention—including diseases like COVID-19. Sam Altman echoed Ellison’s thoughts, suggesting that we might witness a remarkable acceleration in disease cure rates as this project progresses.
Where does Microsoft’s deal with OpenAI stand?
It’s worth noting that Microsoft is the primary investor of OpenAI, having secured an agreement that designates it as the exclusive cloud partner for OpenAI’s advanced AI developments. Last year, OpenAI hinted that Microsoft has fallen short in meeting their cloud computing requirements, suggesting that if another company achieves a significant milestone in Artificial General Intelligence (AGI) before them, it would be due to Microsoft’s inability to fully support their needs.
After OpenAI unveiled its $500 billion Stargate initiative, Microsoft has revealed that its alliance with the ChatGPT developer is progressing and moving into a new stage of artificial intelligence. Microsoft highlighted that certain essential aspects of their partnership will persist until 2030, such as:
1. The core components of the collaboration will continue to exist.
2. The bond between the two parties will endure.
3. Key parts of the agreement will stay in place until 2030.
4. The partnership’s fundamental elements will carry on until 2030.
5. The essential aspects of the deal will remain throughout 2030.
- Microsoft has rights to OpenAI IP (inclusive of model and infrastructure) for use within our products like Copilot. This means our customers have access to the best model for their needs.
- The OpenAI API is exclusive to Azure, runs on Azure and is also available through the Azure OpenAI Service. This agreement means customers benefit from having access to leading models on Microsoft platforms and direct from OpenAI.
- Microsoft and OpenAI have revenue sharing agreements that flow both ways, ensuring that both companies benefit from increased use of new and existing models.
- Microsoft remains a major investor in OpenAI, providing funding and capacity to support their advancements and, in turn, benefiting from their growth in valuation.
Elon Musk’s lethal jabs keep rolling — but do they have merit?
As anticipated, Elon Musk, Tesla’s CEO and a billionaire, voiced his criticism towards the $500 billion Stargate project announcement. According to Musk, the partners involved in this large-scale project lack the financial resources to back it up. He stated confidently that SoftBank has less than $10 billion secured for this venture, a claim he says he’s heard on reliable sources.
They don’t actually have the moneyJanuary 22, 2025
As per SoftBank CEO Masayoshi Son, the Stargate initiative is set to significantly speed up the development of Artificial General Intelligence (AGI), an advancement which he anticipates arriving “extremely quickly.” The executive outlined that this project aims to strengthen AI progress, potentially reaching levels of superintelligence.
Sam Altman recently dispelled reports about the deployment of AGI, stating that the company has neither constructed nor intends to release the benchmark next month. He advised users to significantly adjust their expectations while hinting at a lot of intriguing developments ahead. Nevertheless, the executive suggested that the OpenAI team is proficient in building AGI, possibly indicating a future shift towards superintelligence.
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2025-01-22 17:11