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[return to "Stargate Project: SoftBank, OpenAI, Oracle, MGX to build data centers"]
1. 383toa+0b[view] [source] 2025-01-21 23:29:41
>>tedsan+(OP)
Where are they getting the $500B? Softbank's market cap is 84b and their entire vision fund is only $100b, Oracle only has $11b cash on hand, OpenAI's only raised $17b total...
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2. philip+Eo[view] [source] 2025-01-22 01:11:30
>>383toa+0b
MGX has at least $100bn: https://www.theinformation.com/articles/a-100-billion-middle...

This is Abu Dhabi money.

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3. petese+dy[view] [source] 2025-01-22 02:10:34
>>philip+Eo
This would be a large outlay even for UAE, who would be giving it to a direct competitor in the space: UAE is one of the few countries outside of the US who are in any way serious about AI.
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