SoftBank Group is set to approach major investment firms, including Apollo Global Management, in an effort to secure funding for the Stargate project. This initiative, a U.S. artificial intelligence project, was proposed by former President Donald Trump. In a significant collaboration, SoftBank and OpenAI, the company behind ChatGPT, will each invest $19 billion into the Stargate Project company. The primary objective is to build data centers and the necessary infrastructure to power them.
On January 21, SoftBank CEO Masayoshi Son, alongside President Donald Trump, Oracle's Larry Ellison, and OpenAI CEO Sam Altman, discussed the Stargate project at the White House. This joint investment marks a substantial commitment by SoftBank and OpenAI to advance AI technology. Both companies will hold approximately a 40% stake in the Stargate Project company, highlighting their vested interest in the project's success.
The Stargate Project company will focus on constructing and operating data centers that will serve as critical infrastructure for AI development. By partnering in this venture, SoftBank and OpenAI are positioning the Stargate project as a major player in the AI industry. The company's efforts aim not only to bolster AI capabilities but also to potentially transform the landscape of AI technology.
The collaboration between SoftBank and OpenAI underscores a strategic alliance in advancing artificial intelligence. By pooling resources and expertise, they intend to create robust infrastructure to support burgeoning AI demands. This move is anticipated to drive significant advancements in AI applications and research.
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