Stargate, a $500 billion project headed up by OpenAI, Oracle, and SoftBank to build AI data centers and other AI infrastructure in the U.S., is considering investments in the U.K. and elsewhere overseas, according to a Financial Times report.
While Stargate was initially launched as a way to boost U.S. AI infrastructure, the project is allegedly weighing international expansion. In addition to the U.K., Germany and France are on the table, per the Financial Times’ reporting.
Stargate remains focused on the U.S. at the moment, to be clear, as originally pitched — and it’s still in the process of raising its first $100 billion. SoftBank is expected to put forward tens of billions of dollars as a mixture of debt and equity.
When Stargate was announced in January, President Donald Trump praised the initiative as a “declaration of confidence in America.”
Source: https://techcrunch.com/
