OpenAI signs deal with Oracle, Softbank for $500bn expansion across US

• OpenAI announces Project Stargate, funded also by SoftBank, Oracle and MGX
• They will invest $500bn over four years, starting with $100bn now
• Azure consumption will rise despite end of exclusivity deal

ChatGPT maker OpenAI has revealed its huge new Stargate Project, which it hopes will improve the state of artificial intelligence and boost the tech sector across the US.

In a blog post announcing the launch, the AI giant confirmed it had signed a deal with SoftBank (lead partner), Oracle (initial equity funder) and MGX (initial equity funder) to provide $500 billion in funding over the course of four years.

Project Stargate’s wheels are already spinning, with $100 billion made available “immediately” to start work, OpenAI noted.

OpenAI Project Stargate

“This infrastructure will secure American leadership in AI, create hundreds of thousands of American jobs, and generate massive economic benefit for the entire world," the company ...