logo
#

Latest news with #OpenAISoftBank

SoftBank and OpenAI's Stargate aims building small data centre by year-end: WSJ
SoftBank and OpenAI's Stargate aims building small data centre by year-end: WSJ

Time of India

time22-07-2025

  • Business
  • Time of India

SoftBank and OpenAI's Stargate aims building small data centre by year-end: WSJ

Academy Empower your mind, elevate your skills Stargate, a multi-billion-dollar effort by ChatGPT's creator OpenAI SoftBank and Oracle to supercharge the US' AI ambitions is now setting the more modest goal of building a small data centre by the end of the year, likely in Ohio, the Wall Street Journal reported on January, US President Donald Trump hosted top tech CEOs at the White House to highlight the $500 billion Stargate Project , which would create more than 100,000 jobs in the and OpenAI, which jointly lead the joint venture, have been at odds over crucial terms of the partnership, including where to build the sites, the report said, citing people familiar with the a joint statement, the two companies told Reuters they were moving "with urgency on site assessments" and were also advancing projects in multiple the project was unveiled, the companies involved, along with other equity backers of Stargate, had committed $100 billion for immediate deployment, with the remaining investment expected to occur over the next four Chairman Larry Ellison said at the time that the first of the project's data centres was already under construction in has prioritized winning the AI race against China and declared, on his first day in office, a national energy emergency aimed at removing all regulatory obstacles to oil and gas drilling, coal and critical mineral mining, and building new gas and nuclear power plants to bring more energy capacity online.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store