Stargate – the large infrastructure project to construct data centers for OpenAI within the US – lacks a totally developed plan and has not yet secured funding, in accordance with a report From the financial times.
Backed by OpenAI, Softbank, Openai's MGX fund, the Middle East and others, Stargate would transfer around $100 billion – and over $500 billion – to data centers to support OpenAI's AI workloads. However, SoftBank and Openai will each only undertake Around $15 billion for the project, in accordance with the report. She and Stargate's other backers hope to boost a mix of equity from existing investors and debt to realize the project's lofty goals.
Billionaire investor and the pinnacle of President Donald Trump's DOGE Advisory Commission, Elon Musk, has criticized Stargate on social media in recent days, claiming that the project doesn't have the cash it says it does. His comments must have raised the ire of the White House's top aidesdespite Trump's efforts to downplay them.
We've reached out to Openai for comment and can update this post if we hear back.
