Jan 22 (Reuters) - OpenAI and Japanese conglomerate
SoftBank will each commit $19 billion to fund Stargate,
a joint venture to develop data centers for artificial
intelligence in the U.S., the Information reported on Wednesday.
The ChatGPT maker will hold a 40% interest in Stargate, and
would act as an extension of OpenAI, the report said, citing
OpenAI CEO Sam Altman speaking to colleagues. His comments imply
SoftBank would also have a 40% interest, the report added.
OpenAI and SoftBank did not immediately respond to Reuters'
requests for comment.
On Tuesday, U.S. President Donald Trump announced that
OpenAI, SoftBank Group and Oracle will unveil Stargate
and invest $500 billion over the next four years to help the
United States stay ahead of China and other rivals in the global
AI race.
Stargate will initially deploy $100 billion and the rest of
the funding is expected over the next four years. The project is
being led by SoftBank and OpenAI.