.jpg){kind=avatar}
The joint venture, known as Stargate, is led by the ChatGPT maker OpenAI and the global tech investor SoftBank Group. It will build data centers for OpenAI. The database company Oracle and MGX, an investor backed by the United Arab Emirates, are also equity partners in the venture. The companies are committing $100b to the venture and plan to invest up to $500b over the next four years.
OpenAI kicked off the modern AI boom when it released ChatGPT in 2022. The chatbot’s popularity forced tech companies to redraw their product plans and earmark billions of dollars to build AI systems and tools. Most of that money goes toward building data centers to hold the racks of the pricey and powerful chips that power AI systems.
More posts by Sarah Wolter
