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Announcing The Stargate Project | SoftBank Group Corp. The initial equity funders in Stargate are SoftBank, OpenAI, Oracle, and MGX SoftBank and OpenAI are the lead partners for Stargate, with SoftBank having financial responsibility and OpenAI having operational responsibility
Funding the Stargate AI Project | Equity and Debt Strategies OpenAI and SoftBank intend to contribute more than $15 billion each to the project The companies plan to raise funds from their existing backers through equity and debt financing to support the development of Stargate SoftBank, based in Tokyo, will also inject existing funds into the project
SoftBank, OpenAI, Oracle and MGX commit to $100B for Stargate AI . . . With investment partner SoftBank Group Corp , OpenAI has formed a new company, The Stargate Project, with the intention of investing $500 billion over the next four years in AI infrastructure, specifically for OpenAI, and specifically in the United States