OpenAI and Softbank Launch $500 Billion 'Stargate Project' to Revolutionize AI Data Centers

OpenAI and Softbank, alongside Oracle and other partners, have unveiled plans for a massive $500 billion AI data center initiative, dubbed The Stargate Project. Announced at a White House press conference with key figures including Masayoshi Son and Sam Altman, the project aims to enhance AI infrastructure in the U.S. Construction is already underway in Texas, with additional locations being evaluated.