The Stargate project is one of the largest private sector investments in AI infrastructure globally. It is a new company that plans to invest $500 billion over the next four years to build a new AI infrastructure for OpenAI in the United States.

The initial equity funders in Stargate are SoftBank, OpenAI, Oracle, and MGX. The major partners are SoftBank and OpenAI, with SoftBank having financial responsibility and OpenAI having operational responsibility. The major initial technology partners are ARM, Microsoft, NVIDIA, Oracle, and OpenAI. SoftBank's Masayoshi Son will be the chairman of the company.

Shaping Business Landscape Through Technology

SoftBank is a Japanese multinational conglomerate known for its investments in technology, telecommunications, and various sectors through its Vision Fund. With a strategy focused on fostering innovation, it has backed numerous startups, including those in the AI and robotics industries.

OpenAI is an artificial intelligence research organization dedicated to ensuring that AI benefits humanity. Known for developing advanced models such as ChatGPT, OpenAI has made significant strides in natural language processing, ethics in AI, and providing API services to developers and businesses seeking to integrate AI into their operations. 

Oracle is a leading enterprise software and cloud services company recognized for its robust database solutions and enterprise resource planning systems. In recent years, Oracle has been expanding its cloud offerings, aiming to compete in the growing cloud computing market by providing integrated applications and innovative solutions for businesses.

MGX (Machine Global Exchange) is a newer player in the tech ecosystem, focusing on AI-driven solutions for data management and analytics. MGX aims to leverage machine learning to optimize business operations, making data more accessible and actionable for organizations across various industries. 

Together, these entities represent a blend of investment, innovation, and technology advancement shaping the future landscape of the business world.

Impacts on US Job Creation

The project could have far-reaching implications for US competitiveness in job creation and energy policy. It is expected to support the reindustrialization of the United States. According to some media reports, construction is currently underway, starting in Abilene in Texas. The company plans to build 20 data centers, expecting to create more than 100,000 jobs in the US.

President Donald Trump signed an executive order on artificial intelligence on Thursday. The order aims to reverse previous administration policies that “act as obstacles to American innovation in AI.”

"All of us look forward to continuing to build and develop AI—and in particular AGI—for the benefit of all of humanity. We believe that this new step is critical on the path, and will enable creative people to figure out how to use AI to elevate humanity, " Open AI siad in a statment.