This week, President Donald Trump and a small group of tech executives — OpenAI CEO Sam Altman, SoftBank CEO Masayoshi Son and Oracle founder Larry Ellison — announced Stargate, a four-year, $500 billion project to build data centers and other artificial intelligence (AI) infrastructure in the U.S. MGX, a UAE AI sovereign fund, is also an equity holder. Technical partners are Nvidia, Arm, Microsoft, Oracle and OpenAI.
Half a trillion dollars is a lot of money, even by Silicon…
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https://www.pymnts.com/artificial-intelligence-2/2025/why-is-silicon-valley-spending-a-fortune-on-ai-data-centers/