Market Cap: $2.6762T -1.240%
Volume(24h): $130.1449B 61.270%
  • Market Cap: $2.6762T -1.240%
  • Volume(24h): $130.1449B 61.270%
  • Fear & Greed Index:
  • Market Cap: $2.6762T -1.240%
Cryptos
Topics
Cryptospedia
News
CryptosTopics
Videos
Top News
Cryptos
Topics
Cryptospedia
News
CryptosTopics
Videos
bitcoin
bitcoin

$83571.608249 USD

-1.38%

ethereum
ethereum

$1826.028236 USD

-3.02%

tether
tether

$0.999839 USD

-0.01%

xrp
xrp

$2.053149 USD

-2.48%

bnb
bnb

$601.140115 USD

-0.44%

solana
solana

$120.357332 USD

-3.79%

usd-coin
usd-coin

$0.999833 USD

-0.02%

dogecoin
dogecoin

$0.166175 USD

-3.43%

cardano
cardano

$0.652521 USD

-3.00%

tron
tron

$0.236809 USD

-0.59%

toncoin
toncoin

$3.785339 USD

-5.02%

chainlink
chainlink

$13.253231 USD

-3.91%

unus-sed-leo
unus-sed-leo

$9.397427 USD

-0.19%

stellar
stellar

$0.266444 USD

-1.00%

sui
sui

$2.409007 USD

1.15%

Cryptocurrency News Articles

The Stargate Project: A $500 Billion Investment in AI Infrastructure

Jan 22, 2025 at 03:39 pm

In a landmark development for artificial intelligence (AI) and economic growth, the Stargate Project, a collaborative venture spearheaded by OpenAI, SoftBank, Oracle, and MGX, has been announced.

The Stargate Project: A $500 Billion Investment in AI Infrastructure

The Stargate Project is a massive undertaking that aims to propel the United States to the forefront of artificial intelligence (AI) technology. The project, a collaboration between OpenAI, SoftBank, Oracle, and MGX, will see an investment of $500 billion over the next four years to establish state-of-the-art AI infrastructure in the country.

The project was announced at a press conference attended by US President Donald Trump, OpenAI CEO Sam Altman, SoftBank CEO Masayoshi Son, and Oracle CEO Larry Ellison. It will begin with an immediate investment of $100 billion and is expected to create hundreds of thousands of jobs.

According to a statement from OpenAI, the Stargate Project will be structured as a new company. SoftBank will handle the finances, including securing funding, while OpenAI will oversee operations under the leadership of Altman. Son will serve as chairman.

Among the key technology partners involved in the project are NVIDIA, Microsoft, Oracle, and Arm. The first phase of construction has already commenced in Texas, with other potential sites being evaluated across the country.

The primary objective of the Stargate Project is to build infrastructure that can support advances in artificial general intelligence (AGI). This technology has the potential to revolutionize various industries, including healthcare, security, and industrial automation.

As Altman puts it, the project is "a critical step in building the necessary compute to advance AI technologies and address global challenges."

Disclaimer:info@kdj.com

The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!

If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.

Other articles published on Apr 03, 2025