Stargate project, announced by the White House Earlier this week, it was announced as a monumental AI “infrastructure” project that will completely transform the technological ability of the United States. Oracle’s CEO, Openai and SoftBank traveled to DC this week to announce the alleged $ 500 billion efforts and meet with Trump. Stargate will “re -industry” the United States and create a “strategic ability to protect the national security of the United States and its allies,” claims its supporters. However, according to a A recent report From the Financial Times, Stargate is little more than an development agreement for Openai, with sources claiming that it will “exclusively” serve the interests of the Creator of Chatgpt. At the same time, the sources say that the project does not yet have the money needed to make their promises.
Stargate is a technically new company, formed partly by funding from Openai, SoftBank, Oracle, Microsoft, Nvidia, Microsoft, and ARM, among others. The purpose of the company is to build data centers and other “AI infrastructure” through the United States and, thus, to build a “infrastructure [that] will secure US leadership in AI, create hundreds of thousands of US jobs, and generate mass economic benefit for the whole world, ”reads a press release on the Openai website. However, while circulating rhetoric claims that Stargate will “benefit the whole world”, anonymous sources with knowledge of the agreement reportedly told FT that Stargate will mostly benefit from Openai’s business.
“The intention is not to become a data center supplier for the world, it is for Openai,” said one of the anonymous sources interviewed by Ft. These same sources claimed that the project’s supporters, although they made a big show at the White House earlier this week, had not yet developed the details. The project “has not yet secured the funding it requires will receive no government funding and will only serve Openai after finished,” according to statements made by sources interviewed by Ft. “They did not discover the structure, they did not discover the funding, they do not have the money compromised,” one source said to the outlet. “There is a real intention to do this, but the details have not been incarnated,” another person added. “People want to make splash in Trump’s first week in the office.”
Although it is unclear who these sources are talking to FT, it is noticeable that Elon Musk – who is both a new White House employee and a high -profile enemy of the CEO of Openai Sam Altman – said exactly the same. In a recent tweet, Musk claimed that Stargate does not “actually have the money” and repeatedly ridiculed the project.
Other reports this week found that, despite the fact that the White House claimed that the project “will create hundreds of thousands of US jobs, and will generate a massive economic benefit for the whole world,” Stargate, to date, has only been involved in hiring 57 people. This is not a great aspect for a project whose ultimate goal is to create technologies that can automate work and replace American workers, although I guess it is the same for the course.
Gizmodo contacted Openai for a comment but did not hear back before the time of publication.
The project’s significant links to autocratic regime in the Middle East also raised eyebrows. Indeed, one of the larger known sources of income will come from the United Arab Emirates. The Abu Dhabi State AI Fund-known as mgx– There is a founding partner of Stargate and is reportedly planning to engage $ 7 billion to Trump’s initiative. On the contrary, SoftBank and Openai plan to contribute every more than $ 15 billion. MGX is part of a sovereign wealth fund controlled by Sheikh Tahnoun Bin Zayed to Nahyan, the UAE spy. Nahyan has spent the last few months meeting with leading US technical officials-including Elon Musk, Nvidia CEO Jensen Huang, and Ruth Porat, the president of the Google parent company Alphabet-to discuss AI development, Bloomberg reports.
When Altman was shockingly expelled From Openai in November 2023, one theory of why the CEO was thrown out was to do with his trips to the Middle East to Earn billions for AI-focused chip company. Altman’s discussions with the autocratic regime were contested then and continues to be. The reason why Altman was removed was never publicly revealed.
