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Stargate Project: everything you need to know about OpenAI’s $500 billion gamble
- Stargate Project is a new company led by OpenAI that aims to invest $500 billion over the next four years to build AI infrastructure in the US.
- The company will build data centers and power production plants across the US in order to secure American leadership in AI and create hundreds of thousands of American jobs.
- It is financially backed by SoftBank, OpenAI, Oracle and UAE-based firm MGX. Arm, Microsoft, Nvidia and OpenAI will serve as technology partners to the project.
- Stargate Project already broke ground on its first data center in Abilene, Texas, which is expected to cost $1.1 billion and to be completed by the end of 2025.
- Each data center should employ just under 60 people, but the company estimates it will create 100,000 jobs in total over the next four years.
- The project has been controversial, receiving criticism from Tesla CEO Elon Musk, who called it 'a sham', and former OpenAI CEO Sam Altman.
- The American AI industry is currently facing a crisis after the release of DeepSeek's AI models that offer performance similar to OpenAI's models, but at a fraction of the cost.
- If DeepSeek's models prove legitimate, Stargate might have little reason to continue investing in infrastructure.
- Amidst controversies, OpenAI continues to release AI models, and has now opened up developer access to full o1 reasoning model.
- OpenAI's next-generation o3 reasoning model has also been teased by the company.
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