OpenAI, SoftBank and Stargate Project
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OpenAI was the company that signed a $30 billion per year deal with Oracle for data center services, disclosed last month, The Wall Street Journal reported on Monday. Now, OpenAI CEO Sam Altman has confirmed the details of the contract (but not the dollar amount) in an X post on Tuesday and in a company blog post.
The deal is part of Stargate, a $500 billion project launched by OpenAI, Oracle, and SoftBank earlier this year.
OpenAI confirms a $30B per year deal with Oracle to power the massive Stargate AI infrastructure project. Read more!
Trump-backed $500 billion AI moonshot already stalling The $500 billion Stargate project, trumpeted at the White House as America’s grand AI leap forward, is looking more like a tire fire than the start of a golden age.
The tech founder was worth US$251.2 billion (S$322.5 billion) as of July 15. Read more at straitstimes.com. Read more at straitstimes.com.