Stargate, a large-scale infrastructure project to build Openai's data centers in the United States, lacks a fully developed plan and has not yet secured funding, according to a report in the Financial Times.
Stargate is backed by Openai, Softbank, Middle East AI Fund Mgx and others, and will pump approximately $100 billion and more than $500 billion into data centers to support Openai's AI workloads. However, SoftBank and Openai will each commit more than $15 billion to the project according to the report. They and Stargate's other backers hope to raise a combination of equity from existing investors and debt to reach the project's lofty goals.
Billionaire and head of President Donald Trump's clumsy advisory board, Elon Musk, has recently criticized Stargate on social media, claiming the project doesn't have the money it claims. His comments are said to have sparked the ire of top White House AIDS officials, despite Trump's efforts to downplay them.
We have reached out to Openai for comment and will update this post if we hear back.