AI Billion-Dollar Project on Shaky Ground: Disagreement between SoftBank and OpenAI
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The project "Stargate," presented in January 2025 at the White House, aimed to cement U.S. dominance in AI with an announced investment volume of 500 billion USD. Central to this initiative were Japanese billionaire Masayoshi Son with his investment firm SoftBank (TSE: 9984) and Sam Altman, CEO of OpenAI. However, six months later, the ambitious project has stalled. Significant differences of opinion have emerged between SoftBank and OpenAI, particularly regarding the locations of data centers and the role of SoftBank's energy company SB Energy....
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