Digest opened free editor
Rola Khaleda, FT editor, chooses her favorite stories in this weekly newsletter.
Stargate, a prominent artificial intelligence infrastructure project this week, will present exclusively the Chatgpt Openai maker, according to people familiar with the matter.
The project plans to spend $ 100 billion on Big technology He said on Tuesday that infrastructure projects, with the number to rise to up to 500 billion dollars during the next four years. Oracle and Abu Dhabi State Fund MGX are also founding partners.
Trump He praised the initiative backed by SoftBank On Tuesday at an event at the White House, the president of Openai Sam Altman and other executives of technology was attended by “a resounding declaration of confidence in the capabilities of America in the shadow of a new president.”
Despite the cheerful announcement, Stargate has not yet received the funding required, and no government financing will be received and will only serve Openai Once finished, people familiar with the initiative said.
One of the people said: “The intention is not to become an provider of the data center in the world, it is dedicated to Openai.”
Another person close to the project said that he was not far from a completely advanced plan: “They did not discover the temple, and they did not discover funding, and they have no money committed.”
SoftBank and Openai plans to offer more than $ 15 billion to the project. Companies are hoped to collect a group of shares from their current supporters and debts, which will be used to finance Stargate. Tokyo -based SoftBank will also injected the current money in Stargate, according to a person.
Openai and SoftBank refused to comment.
Altman spent more than a year in working to enhance Openai's access to data and computing power, which is the bottleneck that argues to be overcome if the company wants to achieve its goal of creating AI, able to overcome humans through most cognitive skills, overcome them in the workforce and pay the limits of scientific research .
This means looking beyond Openai's exclusive relationship with Microsoft. The group, which has invested 13 billion dollars in Openai and has nearly half profits from the profit company company, provides technology support for Stargate, but not the capital.
Microsoft launched an Amnesty International Infrastructure Fund with a value of $ 30 billion with Blackrock manager in September last year, and on Wednesday, the CEO of Nadila's CEO that his company would spend $ 80 billion on the infrastructure this year, separately from Stargit.
Germans have been talking to the Softbank Masayoshi Son chair two years ago about artificial intelligence projects, including a AI new deviceAccording to people, they are aware of discussions.
Softbank also invested in Openai during a $ 6.6 billion fundraising tour in October, which is estimated at $ 157 billion, and informed the Japanese group Plans to purchase additional $ 1.5 billion of shares in the company in November. SON and Altman began detailed talks on Stargate in the months before the announcement of this week, according to two people with direct knowledge of the issue.
While Altman's infrastructure plans were working for more than a year, “the idea of announcing it was not in the White House in (long) businesses,” according to one person aware of the project.
Another person involved in the project said: “There is a real intention to do this, but the details have not been embodied,” said another person involved in the project. “People want to do great things in the first week of Trump being in office.”
Stargate was combined into Delaware, with Openai, SoftBank, Oracle and MGX takes all risks in the company. The group will appoint the CEO and the independent executive council, according to people who have knowledge of plans.
A person familiar with the project said that the company will be divided into an operating unit, charged with building and operating databases and headed by Openai, and a unit responsible for capital raising, run by SoftBank.
The work is already on the first facility in Abelene, Texas.
Crusoe has started the data center to build these facilities for Oracle since June 2023. CRUSOE has received $ 3.4 billion of funding from Blue Owl in October to help finance its development. Oracle is expected to buy about $ 7 billion of chips to run Texas and will provide this computer's computer energy, which will be used in Power Openai.
Participated in additional reports by David Kyuhan in Tokyo and Stephen Morris, Davos
