OpenAI and SoftBank have each reportedly invested $19 billion in Stargate

Now we can know how much money SoftBank and OpenAI have made StargateA huge infrastructure project to build data centers for OpenAI in the US

SoftBank and OpenAI each plan to commit $19 billion in equity to Stargate, according to The Information. Both companies would then own 40% of the joint venture.

Stargate, which also has a buyout from Middle East AI fund MGX, plans to pump upwards of $500 billion into data centers to support OpenAI’s AI workloads. The partners in Stargate initially pledged $100 billion, part of which would be invested in a facility in Abilene, Texas.

Elon Musk, who owns OpenAI, an AI company that competes with xAI, It was claimed on social media this week Stargate “(doesn’t) actually have money.” Altman responded in a separate post, calling Musk’s claim “false.”