SoftBank, OpenAI Plan $19 Billion Each for Stargate, Information Reports.

SOFTBANK Group Corp.; COMMUNICATION infrastructure; OPENAI Inc.; GENERAL partnership; CHIEF executive officers; FINANCIAL leverage; SERVER farms (Computer network management); ALTMAN, Sam, 1985-; TRUMP, Donald, 1946-

SoftBank Group Corp. and OpenAI are planning to invest $19 billion each in Stargate, a $100 billion US AI initiative announced by President Donald Trump. The two companies will jointly own 40% of Stargate, with Oracle Corp. and Abu Dhabi-backed MGX also contributing funds. While the announcement has led to a surge in AI stocks, some industry figures, like Elon Musk, have raised concerns about the lack of details surrounding the project's financing and implementation. President Trump has emphasized the importance of US leadership in AI, but doubts remain about the actual impact of the Stargate initiative. [Extracted from the article]

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