French President Emmanuel Macron announced a total of €109 billion in private investments in the AI ecosystem (around $112 billion at current exchange rates) on Sunday evening. This week, Paris is hosting the Artificial Intelligence Action Summit — the third international summit focused on AI after the one in Bletchley Park in the U.K., and…
Category: stargate
AI, battery storage, Climate, Global IT News, Global Security News, openai, oracle, renewable energy, SoftBank Group, Solar Power, stargate
Stargate will use solar and batteries to power $100B AI venture
Solar farms can be completed far faster than nuclear reactors and natural gas power plants. © 2024 TechCrunch. All rights reserved. For personal use only.
AI, data centers, Donald Trump, Global IT News, Global Security News, Government & Policy, In Brief, mgx, openai, oracle, president donald trump, president trump, Softbank, stargate, Trump, Venture
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…
AI, data centers, datacenters, generative ai, Global IT News, Global Security News, In Brief, Infrastructure, mgx, openai, report, Softbank, stargate
OpenAI and SoftBank are reportedly putting $19B each into Stargate
We may now know roughly how much money SoftBank and OpenAI are contributing toward Stargate, the massive infrastructure project to build data centers for OpenAI across the U.S. SoftBank and OpenAI each plans to commit $19 billion of capital to Stargate, according to The Information. The two companies would then both own 40% of the…
AI, Elon Musk, fight, Global IT News, Global Security News, openai, sam altman, Social, social media, stargate, xAI
Elon Musk and Sam Altman take to social media to fight over Stargate
Billionaire Elon Musk and OpenAI CEO Sam Altman are fighting on X about Stargate, the enormous infrastructure project to build data centers for OpenAI across the U.S. Stargate, announced Tuesday during a press conference at the White House, would funnel as much as $500 billion from investors including SoftBank and Middle East AI fund MGX…
AI, data center, data centers, generative ai, Global IT News, Global Security News, Government, openai, oracle, Softbank, stargate, texas
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…