Stargate AI project to exclusively serve OpenAI, FT reports

OpenAI, Oracle, Softbank and MGX are investing a record amount in new AI infrastructure even as China's DeepSeek outperforms on cost.
The market's reaction to the news about Project Stargate was very positive with ARM's stock skyrocketing by as much as 16%.
US President Donald Trump has announced that OpenAI, SoftBank and Oracle will invest US$500 billion to his AI project ...
The Stargate AI project has prominent and wealthy backers, but $500 billion in spending could still prove to be a heavy lift.
OpenAI CEO Sam Altman suggested Elon Musk cares more about his businesses than he does the country, shortly after he referred to Musk as "the most inspiring entrepreneur of our time." ...
TikTok got a short reprieve to make a deal. Project Stargate, a $500B AI plan from OpenAI, Oracle, and Softbank, pushes Musk, Microsoft, aside. Google buys HTC VR tech.
Microsoft CEO Satya Nadella has distanced himself from Elon Musk and Sam Altman's dispute about funding for the President ...
The Stargate project aims to secure American leadership in AI, protect US national security, and create hundreds of thousands ...