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OpenAI’s Stargate project reportedly doesn’t have the money it needs
OpenAI's Stargate project lacks a fully developed plan and hasn't secured funding yet, according to a report from the Financial Times.
Stargate — the massive infrastructure project to build data centers for OpenAI in the U.S. — lacks a fully developed plan and hasn’t secured funding yet, according to a report from the Financial Times. Backed by OpenAI, SoftBank, Middle East AI fund MGX, and others, Stargate would funnel around $100 billion — and upward of $500 billion — into data centers to support OpenAI’s AI workloads. They and Stargate’s other backers hope to raise a combination of equity from existing investors and debt to reach the project’s lofty goals.
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