SoftBank, OpenAI commit $19 bn each to $100 bn US AI venture ‘Stargate’

SoftBank Group Corp. and OpenAI each plan to commit $19 billion of capital to Stargate, the $100 billion US AI endeavor President Donald Trump unveiled this week, the Information reported.

The two companies would then both own 40 per cent of Stargate, the tech outlet said, citing comments by Chief Executive Officer Sam Altman to colleagues.