We may now know roughly how much money SoftBank and OpenAI are contributing to Stargate, the huge infrastructure project to construct data centers for OpenAI across the US
SoftBank and OpenAI are each planning an engagement According to The Information, $19 billion in capital is flowing into Stargate. Both corporations would then each own 40% of the three way partnership.
Stargate, which can be backed by Middle East AI Fund MGX, plans to take a position greater than $500 billion in data centers to support OpenAI's AI workloads. Stargate's partners have initially pledged $100 billion, a part of which can go to a facility in Abilene, Texas.
Elon Musk, who owns an AI company called xAI that competes with OpenAI, claimed on social media this week that Stargate “actually (doesn't) have the cash.” Altman responded in a post of his own, calling Musk's claim “false.”
