OpenAI, SoftBank, Oracle lead $500B Project Stargate to ramp up AI infra in the US

Several large technology firms including OpenAI, SoftBank, Oracle, Nvidia, and MGX have partnered to set up a new company in the US to ramp up AI infrastructure in the country.

Named Project Stargate, the new company will see an investment of $500 billion over the next four years to support the US’ quest to achieve artificial general intelligence (AGI) — a phase where a machine can think and act like a human being — faster than competing nations, such as China.