Wed, 22 Jan 2025

US tech giants announce AI plan worth up to $500bn

OpenAI, Oracle and Softbank join forces to build artificial intelligence infrastructure.

* OpenAI, Oracle, and Softbank are teaming up to build data centres equipped to power artificial intelligence (AI) with plans to invest $100bn "immediately".
* The joint venture, dubbed Stargate, aims to invest $500bn over four years.
* The project is expected to create over 100,000 jobs and will be built in locations including Texas.
* Other partners involved include Microsoft, Arm, NVIDIA, and MGX.
* The investment is seen as a significant boost for the US AI industry, with OpenAI's CEO crediting Trump for support.
* The project has raised concerns about energy supplies and foreign investment in the US.
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