Elon Musk's 'they don't have money' for Sam Altman's OpenAI may be coming true, and it may be affecting two of its biggest partners, Oracle and Softbank
A massive $500 billion AI data center project, Stargate, announced with fanfare at the White House, has stalled. Internal disagreements between partners OpenAI and SoftBank, coupled with funding challenges, have halted construction and leadership development. This setback has significantly impacted Oracle's stock and OpenAI's compute capacity targets, highlighting the difficulties of large-scale infrastructure development.
A massive $500 billion AI data center project, Stargate, announced with fanfare at the White House, has stalled. Internal disagreements between partners OpenAI and SoftBank, coupled with funding challenges, have halted construction and leadership development. This setback has significantly impacted Oracle's stock and OpenAI's compute capacity targets, highlighting the difficulties of large-scale infrastructure development.
