OPENAI TEAMS UP WITH SOFTBANK AND ORACLE ON $500B DATA CENTER PROJECT

Summary from the TLDR newsletter

OpenAI, SoftBank, and Oracle, along with others, have teamed up to build multiple data centers for AI in the US. The joint venture, called The Stargate Project, will create hundreds of thousands of jobs and secure American leadership in AI. It will begin with a large data center project in Texas before eventually expanding to other states. The companies expect to pour up to $500 billion into the venture over the next four years. OpenAI is reportedly aggressively building out a team of chip designers and engineers to create an AI chip for running models - it could arrive in data centers as soon as 2026.