The Trump administration is negotiating a deal that would see Oracle take over TikTok alongside new U.S. investors, according to a report in NPR. Lawmakers passed a bill last year forcing Chinese parent company ByteDance to either sell TikTok or see it banned in the U.S. The app briefly went dark before the law took…
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Stargate will use solar and batteries to power $100B AI venture
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OpenAI’s Stargate project reportedly doesn’t have the money it needs
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…
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OpenAI teams up with SoftBank and Oracle on $500B data center project
OpenAI says that it will team up with Japanese conglomerate SoftBank and with Oracle, along with others, to build multiple data centers for AI in the U.S. The joint venture, called The Stargate Project, will begin with a large data center project in Texas and eventually expand to other states. The companies expect to commit $100…