AsianFin -- OpenAI and Japanese conglomerate SoftBank plan to invest $19 billion each into Stargate, a joint venture aimed at developing advanced data centers for artificial intelligence in the United States, according to a report by The Informationon Wednesday.
OpenAI, the creator of ChatGPT, will hold a 40% stake in Stargate, positioning the venture as an extension of its operations, the report stated, citing remarks by OpenAI CEO Sam Altman to colleagues. His comments suggest that SoftBank would also hold a 40% stake in the initiative, the report added.
Explore more exclusive insights at nextfin.ai.
