Stargate has cash?


The companies are teaming up for what they call the Stargate Project (presumably named after the sci-fi franchise) which aims to spend $500 billion over the next four years building artificial intelligence infrastructure in the U.S.

The companies said Tuesday that they would begin deploying $100 billion “immediately,” which will “generate massive economic benefit for the entire world.”

As the deal was announced Tuesday in the White House, Trump —standing alongside Oracle Chairman Larry Ellison, OpenAI CEO Sam Altman, and SoftBank CEO Masayoshi Son —said the group would create a “new American company” that would generate more than 100,000 U.S. jobs. 

Ellison said the group’s first project, a one-million-square-foot data project, is already underway in Texas.

There’s just one problem with Stargate, according to Musk (an OpenAI co-founder) who has since sued to block it [OpenAI] and Altman’s plans: They don’t have the cash. 


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