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

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David Wilson
Thu, 23 Jan
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OpenAI has unveiled Project Stargate, a groundbreaking initiative aimed at advancing artificial intelligence and driving innovation in the tech industry in the US. The project, funded by partners such as SoftBank, Oracle, and MGX, will see a total investment of $500 billion over four years, with an initial investment of $100 billion already in motion.

Described as a strategic move to bolster American leadership in AI, create job opportunities, and generate economic growth globally, Project Stargate is set to revolutionize the AI landscape. The collaboration envisions strengthening national security and spearheading technological advancements, with key partners like Arm, Microsoft, Nvidia, and Oracle leading the charge.

Microsoft’s exclusive cloud contract with OpenAI has come to an end, yet OpenAI remains committed to increasing its usage of Azure. The focus remains on developing artificial general intelligence (AGI) for the greater good of humanity as the project aims to leverage AI to uplift society.

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