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OpenAI's Stargate project struggling to get off the ground, due to tariffs
OpenAI's ambitious Stargate data center project is facing delays thanks to tariff-related economic uncertainty, reports Bloomberg.
SoftBank, which in January said it would contribute significant capital to Stargate, has yet to develop a financing template or begin detailed discussions with potential backers, according to Bloomberg. Per an analysis by TD Cowen cited by Bloomberg, hiked prices for server racks, cooling systems, chips, and other components could contribute to overall build cost rises of 5-15% on average. As Bloomberg notes, tech giants including Microsoft and Amazon have adjusted their data center strategies, in some cases pulling back on construction projects.
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