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OpenAI, led by Sam Altman, has announced a $500 billion AI infrastructure project called 'Stargate' in collaboration with SoftBank, Oracle, and MGX. Initial funding is set at $100 billion.

Specifically, the four want to pour said billions, starting with $100 billion, into a new company named The Stargate Project, which will be operated by OpenAI. Stargate will effectively take that ...