<div class=newsTextDataWrapInner><p>(Jan 23): OpenAI and Japanese conglomerate SoftBank will each commit US$19 billion to fund Stargate, a joint venture to develop data centres for artificial intelligence in the US, the <em>Information </em>reported on Wednesday.</p></div>

<div class=newsTextDataWrapInner><p>The ChatGPT maker will hold a 40% interest in Stargate, and would act as an extension of OpenAI, the report said, citing OpenAI CEO Sam Altman speaking to colleagues. His comments imply SoftBank would also have a 40% interest, the report added.</p></div>

<div class=newsTextDataWrapInner><p>OpenAI and SoftBank did not immediately respond to <i>Reuters</i>' requests for comment.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>On Tuesday, US President Donald Trump announced that OpenAI, SoftBank Group and Oracle will unveil Stargate and invest US$500 billion over the next four years to help the United States stay ahead of China and other rivals in the global AI race.</p></div>

<div class=newsTextDataWrapInner><p>Stargate will initially deploy US$100 billion and the rest of the funding is expected over the next four years. The project is being led by SoftBank and OpenAI.</p></div>

<div class=newsTextDataWrapInner><p>Read also:<br />
<a href="https://theedgemalaysia.com/node/742111" target="_blank"><em>Musk and Altman spar over US$100b AI venture hyped by Trump</em></a></p></div>

<div class=newsTextDataWrapInner><p><i>Uploaded by Magessan Varatharaja</i></p></div>


OpenAI and Japanese conglomerate SoftBank will each commit US$19 billion to fund Stargate, a joint venture to develop data centres for artificial intelligence in the US, the Information reported on Wednesday.

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