Why Is Silicon Valley Spending a Fortune on AI Data Centers? | PYMNTS.com

Why Is Silicon Valley Spending a Fortune on AI Data Centers? | PYMNTS.com

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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