How is Stargate’s $500B getting funded?

Illustration credit: Sarah Grillo / Axios. Article by Lucinda Shen. Axios – January 22, 2025.

OpenAI, SoftBank, Oracle, and the UAE’s MGX unveiled a company on Tuesday that plans to invest $500 billion in AI infrastructure for OpenAI in the U.S. Why it matters: SoftBank is doubling down on its OpenAI bet, and it reduces OpenAI’s reliance on the infrastructure of Microsoft, its largest investor. Context: The Stargate project will invest an initial […]

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