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Stargate Project: SoftBank, OpenAI, Oracle, MGX to build data centers

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Re: Stargate Project: SoftBank, OpenAI, Oracle, MGX to build data centers

#611
post #589

This is so much money with which we could actually solve problems in the world. maybe even stop wars which break out because of scarcity issues. maybe i am getting to old or to friendly to humans, but it's staggering to me how the priorities are for such things.

It actually isn't alot, about $100 spread out over a few years for every person on earth isnt enough to do these things..

Re: Stargate Project: SoftBank, OpenAI, Oracle, MGX to build data centers

#612
post #589

This is so much money with which we could actually solve problems in the world. maybe even stop wars which break out because of scarcity issues. maybe i am getting to old or to friendly to humans, but it's staggering to me how the priorities are for such things.

> maybe even stop wars which break out because of scarcity issues.

Like which wars in this century?

Re: Stargate Project: SoftBank, OpenAI, Oracle, MGX to build data centers

#613

Earlier quoted context omitted.

They say this will include hundreds of thousands of jobs. I have little doubt that dedicated power generation and storage is included in their plans. Also I have no doubt that the timing is deliberate and that this is not happening without government endorsement. If I had to guess the US military also is involved in this and sees this initiative as important for national security.

They plan to have 100,000s of people employed to run on treadmills to generate the power.

Damn, 6 hours too slow to make this comment

Re: Stargate Project: SoftBank, OpenAI, Oracle, MGX to build data centers

#614

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...

SoftBank's current AUM is $350B [1], and they will likely raise another fund. [1] https://en.wikipedia.org/wiki/SoftBank_Group

> AUM ¥347.7 billion

Is that the figure correct figure? Because that's Japanese yen which is more like $2.2B USD?

Re: Stargate Project: SoftBank, OpenAI, Oracle, MGX to build data centers

#615
post #558

Apart from my general queasiness about the whole AGI scaling business and the power concentration that comes with it, these are the exact four people/entities that I would not want to be at the tip of said power concentration.

What do you prefer ? Letting DeepSeek and China lead the AI war ? DeepSeek R1 is a big wake up call https://open.substack.com/pub/transitions/p/deepseek-is-comi...

Re: Stargate Project: SoftBank, OpenAI, Oracle, MGX to build data centers

#618
post #608
post #589

This is so much money with which we could actually solve problems in the world. maybe even stop wars which break out because of scarcity issues. maybe i am getting to old or to friendly to humans, but it's staggering to me how the priorities are for such things.

>wars which break out because of scarcity issues That doesn't seem to be much of a thing these days. If you look at Russia/Ukraine or China/Taiwan there's not much scarcity. It's more bullying dictator wants to control the neighbours issues.

Or religious fanatics wants to murder other religious groups.

Re: Stargate Project: SoftBank, OpenAI, Oracle, MGX to build data centers

#620
post #513

For fun, I calculated how this stacks up against other humanity-scale mega projects. Mega Project Rankings (USD Inflation Adjusted) The New Deal: $1T, Interstate Highway System: $618B, OpenAI Stargate: $500B, The Apollo Project: $278B, International Space Station: $180B, South-North Water Transfer: $106B, The Channel Tunnel: $31B, Manhattan Project: $30B Insane Stuff.

Is this inflation adjusted?

It says so at least
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