Project Stargate Announced by the White House Earlier this week it was announced that the project A massive AI “infrastructure” that will completely transform America's technological capabilities. The CEOs of Oracle, Openai, and SoftBank traveled to DC this week to announce the projected $500 billion effort and meet with Trump Stargate will “reindustrialise” the United States and create “Strategic capability to protect the national security of America and its allies,” its supporters claim. However, according to latest report According to the Financial Times, Stargate is more than just a development deal for OpenAI, with sources claiming it will “only” serve the interests of CHATGPT's creators. At the same time, sources say the project doesn't yet have the necessary funds to make the contract a reality.
Stargate is technically a new company, formed in part through funding from Openai, Softbank, Oracle, Microsoft, Nvidia, Microsoft, and ARM, among others. The goal of the company is to create Data centers and other “AI infrastructure” across the United States and build “an infrastructure (that) will secure American leadership in AI, create thousands of American job hunters, and create substantial economic benefits for the entire world,” a press release on the website reads. Openai's read. However, while the rhetoric claims Stargate will “benefit the entire world,” an anonymous source with knowledge of the deal says Stargate will mostly benefit Openai's business.
“The intention is not to be a data center provider for the world, but for Openai,” said one of the anonymous sources interviewed by Ft. The White House earlier this week had not yet worked out details. The project “has not yet received scheduled funding, will not receive government funding, and will be made available to OpenAI upon completion,” according to a statement from sources interviewed by Ft “They haven't thought of a structure yet, they haven't thought of funding, they don't have any committed money,” one source said. “There is real intent to do this. But the details didn't come up,” another person added. “People wanted to do things differently in Trump's first week in office.”
While it's unclear who the source of the ghost with the FT is, it's worth noting that Elon Musk—who is both a new White House employee and a famous enemy of Sam Altman—Has an open Bone in Latest tweets Musk claims Stargate doesn't have “real money” and has repeatedly ridiculed the project.
Other reports this week It was found that despite the fact that the White House has claimed that the project will “Creating hundreds of thousands of American jobs and generating huge economic benefits for the entire world,” Stargate has committed to employing only 57 people. That's not a great look for a project whose end goal is to create technology that can Automate the workforce and replace American workers, though I think it's par for the course.
Gizmodo reached out for comment. but had not been contacted as of the time of publication.
The project's significant relationship with authoritarian regimes in the Middle East has also raised eyebrows. Indeed, one of the better-known sources of income will come from the United Arab Emirates. Abu Dhabi State AI Fund –Also known as MGX– is a founding partner of Stargate and reportedly plans to give $7 billion to Trump initiatives In contrast, SoftBank and OpenAI plan to each contribute more than $15 billion. MGX is part of a sovereign wealth fund headed by Sheikh Tahnoun bin Zayed Al Nahyan, the head of the United Arab Emirates' intelligence agency. Nahyan has spent time. recently held monthly meetings with top American tech executives – including Elon Musk, Nvidia CEO Jensen Huang, and Ruth Porat, president of Google Parent Company Alphabet – to discuss AI developments. Bloomberg reports–
When Altman was Shockingly expelled From Openai in November 2023, one theory as to why the CEO was fired has to do with his trip to the Middle East. Raising billions for AI-focused chip companies– Altman's discussions with totalitarian regimes were controversial and still are. The reason Altman was Usted has never been made public.