linky (known as griftgate lmao)
text of tweet
The Stargate Project is a new company which intends to invest $500 billion over the next four years building new AI infrastructure for OpenAI in the United States. We will begin deploying $100 billion immediately. This infrastructure will secure American leadership in AI, create hundreds of thousands of American jobs, and generate massive economic benefit for the entire world. This project will not only support the re-industrialization of the United States but also provide a strategic capability to protect the national security of America and its allies.
The initial equity funders in Stargate are SoftBank, OpenAI, Oracle, and MGX. SoftBank and OpenAI are the lead partners for Stargate, with SoftBank having financial responsibility and OpenAI having operational responsibility. Masayoshi Son will be the chairman.
Arm, Microsoft, NVIDIA, Oracle, and OpenAI are the key initial technology partners. The buildout is currently underway, starting in Texas, and we are evaluating potential sites across the country for more campuses as we finalize definitive agreements.
As part of Stargate, Oracle, NVIDIA, and OpenAI will closely collaborate to build and operate this computing system. This builds on a deep collaboration between OpenAI and NVIDIA going back to 2016 and a newer partnership between OpenAI and Oracle.
This also builds on the existing OpenAI partnership with Microsoft. OpenAI will continue to increase its consumption of Azure as OpenAI continues its work with Microsoft with this additional compute to train leading models and deliver great products and services.
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.
At current prices of money, this project has to return 20 billion in profit, and likely operate on 50 billion revenue at least to cover the energy costs
https://www.cnn.com/2025/01/22/tech/elon-musk-trump-stargate-openai/index.html
Shortly after President Donald Trump announced a new massive AI infrastructure investment from the White House, “First Buddy” Elon Musk tried to tear it down.
“They don’t actually have the money,” Musk wrote on his social media platform X. “SoftBank has well under $10B secured. I have that on good authority.”
The companies involved in Stargate have not publicly disclosed how they will contribute the funds, but they don’t necessarily need the money in the bank to support it — they could raise debt or sign on other equity investors.
Altman replied directly to Musk’s claim on X, writing “wrong, as you surely know. want to come visit the first site already under way? this is great for the country. i realize what is great for the country isn’t always what’s optimal for your companies, but in your new role i hope you’ll mostly put (America) first.”
Softbank - Japan! A freaking DEI investor!
/s
Oh gods I despise the edgy names the edgy grifters give all their edgy bs finance grift commodities.
Ooh look at me, it is I, the Oracle!
Heck yea burn all that capital in a big pit, that’s gonna bring the growth back!
Stargate Project is such an insanely bad name for “building some datacentres”. Could rich assholes stop claiming legal monopoly over the coolest words for their extremely uncool wastes of time and resources? If your project has nothing to do with gates between stars, then a just government should step in and tell you this ain’t right.
“Space Odyssey” would have been a better name, IMO. Why sully the Stargate franchise when there are so many manic-ai ones already?
They see AI as the next labourer. By achieving AI they seek to achieve something that will improve itself. And by improving itself, rapidly be capable of creating and improving new and existing products and systems. They imagine it creating the robot labour necessary for all things. They imagine it creating technology we can’t even understand right now.
Their biggest fear is China achieving this before them.
It’s to spy on us and autoflag every aspect of our lives like some minority report thingy isn’t it?
Edit :
Can we implode it by gettjng the
to cry that U.A.E. investment into this is “Foreign Influence” affecting “National Security” and because they aren’t 
it’s DEI?Larry would never do or imply something like that
That could be part of it but honestly I just think they’re gonna piss away money on pie in the sky “AGI” projects that will never quite pan out.
I think that would be more like “i robot” or “enemy of the state”. Minority report would be if they use it to PREDICT what you are going to do, and arrest you on that… which would be the v2 system.
This feels like another “Space Race” to drain resources of all nations. This time around, it will lead to the Internet becoming exactly that place, cyberpunk books foreshadowed it to be.
re industrialise the economy by doing more software development
How the fuck are you going to re-industrialize by making the internet full of shit?
the good news is the US has been de-industrialized for so long people don’t actually know what an industrialized economy is supposed to look like
Industrialism is when you have chat bots. The more chat bots you have the more industrialism you have.
They’re going to make our brains rot until AGI can catch up with the new low bar of human intelligence.
Unfortunately for them, no amount of slop can make one as deluded the guys thinking a few more GPUs are gonna solve labor forever.
SEIG HAL told us to water the crops with Brawno.
I found a YouTube link in your comment. Here are links to the same video on alternative frontends that protect your privacy:
Softbank lol
I think there is a possible outcome where the Internet and all connected devices become so saturated with AI bullshit that we just go back to talking to each other
It’s already happening. Many of my friends have logged off/deleted accounts and are doing more IRL social things. I’ve loaded my schedule up with in-person events and hang out with people as often as I can. This is the only place on the internet (aside from
sites) that is worth looking at.Hell yeah
(pls no)
the re-industrialization of the United States
oh wait, you’re serious. let me laugh even harder
Doesn’t the average data center require like, 4 employees?
re-aindustrialization
What are these hundreds of thousands of jobs? I swear the only reason capitalists are investing in AI is so they can try to get rid of workers
Oh duh to build the infrastructure. Can’t wait for the only jobs in the future to be back breaking labour to build AI infrastructure while the Earth burns
Fiber internet pls
:doomer:
I’m trying my best
