SoftBank lacks funds for $500 billion Stargate AI infrastructure project.

From Investing.com: 2025-01-22 07:47:15

President Trump unveils $500 billion AI infrastructure project called Stargate with OpenAI, Oracle, and SoftBank. Project hailed as the “largest AI infrastructure project in history” with the US leading the way. Elon Musk expresses concerns about project funding, citing insufficient funds and SoftBank securing less than $10 billion.

Massive investment in AI infrastructure to involve key tech players like OpenAI and Oracle. Details of investment plan and fund allocation among parties yet to be revealed. Project aims to advance AI technology and boost US presence in the global tech industry. Musk raises funding concerns, highlighting uncertainty surrounding project finances.



Read more at Investing.com: SoftBank ‘doesn’t have the money’ for $500 billion Stargate AI infrastructure investment plan