President Donald Trump announced the Stargate project, a $500 billion joint venture involving Oracle, OpenAI, and SoftBank, aimed at enhancing U.S. dominance in artificial intelligence. The partners are initially contributing $100 billion, focusing on building data centers across the country, starting with a million-square-foot facility in Texas. Prominent initial technology partners like Nvidia and Microsoft are included, though details about future plans remain vague. While some industry leaders, like OpenAI's Sam Altman, tout its potential, skeptics like Elon Musk question the funding commitments.
Stargate promises to be a massive AI data center project attracting $500 billion in investment.
Elon Musk has expressed doubts about Stargate, saying they don't have $100 billion to put in and only have $10 billion actually committed.
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