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Market Chatter: Microsoft-Backed OpenAI, SoftBank Clash on Stargate Venture Decisions
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Market Chatter: Microsoft-Backed OpenAI, SoftBank Clash on Stargate Venture Decisions
Jul 22, 2025 6:13 AM

08:45 AM EDT, 07/22/2025 (MT Newswires) -- Microsoft ( MSFT )-backed (MSFT) OpenAI and SoftBank have been in disagreement over terms for their $500 billion Stargate project to boost AI development in the US, the Wall Street Journal reported Tuesday, citing sources familiar with the matter.

The venture has only set a modest goal of building a small data center by the end of the year, a low-scale project compared with the pledge it announced in January of investing $100 billion "immediately," according to the report.

OpenAI has gone on to sign agreements for data centers without SoftBank, the report said.

OpenAI and SoftBank did not immediately reply to requests for comment from MT Newswires.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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