OpenAI’s Stargate Project Having Trouble Getting Funding, Reports Suggest – Redoma Tech

OpenAI’s Stargate Project Having Trouble Getting Funding, Reports Suggest

  • news
  • December 29, 2024

Apparently this has stirred up some drama among White House bigwigs despite Trump trying to downplay the whole mess.

We’ve buzzed OpenAI for some deets and we’ll keep you posted if we hear back.

Featured Image né?. So there’s this big project called Stargate that’s in the works to set up OpenAI data centers in the U.S. right? But here’s the thing – it’s hitting some bumps because the plan isn’t fully hashed out yet and they haven’t locked in funding. The Financial Times spilled the tea on this.

Folks like OpenAI, SoftBank, Middle East AI fund MGX, and a few others are joining forces to pour like a hundred billion bucks – maybe even up to five hundred billion – into these data centers for OpenAI’s AI projects. But get this, only SoftBank and OpenAI have tossed in about 15 billion each so far, leaving the rest of the cash to come from a mix of equity stakes and loans from investors.

Here’s the kicker: Elon Musk, the billionaire guy and head of President Donald Trump’s DOGE advisory commission, he’s been throwing shade at Stargate on social media, throwing shade and questioning where the money’s at

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