I read the announcement and the first three words that came to my mind were...
"Hammond, of Texas"
(apologies to those who haven't watched SG-1)
Stargate Project: SoftBank, OpenAI, Oracle, MGX to build data centers
131–140 of 1001 posts
Re: Stargate Project: SoftBank, OpenAI, Oracle, MGX to build data centers
#132Re: Stargate Project: SoftBank, OpenAI, Oracle, MGX to build data centers
#133It appears this basically locks out Google, Amazon and Meta. Why are we declaring OpenAI as the winner? This is like declaring Netscape the winner before the dust settled. Having the govt involved in this manner can’t be a good thing.
It's who you know. Sam is buddies with Masa, simple as.
Re: Stargate Project: SoftBank, OpenAI, Oracle, MGX to build data centers
#134> 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…
I think the death of Suchir Balaji makes more sense now. AE wouldn't mess around with its investments.
Re: Stargate Project: SoftBank, OpenAI, Oracle, MGX to build data centers
#135SoftBank and MGX paying for all this, all foreign investment. Where is the US government in all this? Why aren't they leading the charge? They obviously have the money.
$500 billion is a lot of money even by US government standards. It's about the size of all the new spending in the 2021 bipartisan infrastructure bill.
For the US government it's a matter of political will. Where is the political will?
Re: Stargate Project: SoftBank, OpenAI, Oracle, MGX to build data centers
#136> This project will [...] support the re-industrialization of the United States How?
Didn't you see the impressionist art of construction cranes?
Re: Stargate Project: SoftBank, OpenAI, Oracle, MGX to build data centers
#137~$125B per year would be 2-3% of all domestic investment. It's similar in scale to the GDP of a small middle income country. If the electric grid — particularly the interconnection queue — is already the bottleneck to data center deployment, is something on this scale even close to possible? If it's a rationalized policy framework (big if!), I would guess there's some major permitting reform announcement coming soon.
watching the press conference and Onsite power production were mentioned. I assume this means SMRs and solar.
I don't think any assembly line exists that can manufacture and deploy SMRs en masse on that kind of timeframe, even with a cooperative NRC
Re: Stargate Project: SoftBank, OpenAI, Oracle, MGX to build data centers
#138So about 10% of what Sam was asking the Saudis (and everyone else) for a year ago? That's still a helluva lot of money. Interesting that the UAE (MGX) and Japan (Softbank) are bankrolling the re-industrialization of America.
MGX has nothing to do with the Saudis. It's a UAE operation.
Re: Stargate Project: SoftBank, OpenAI, Oracle, MGX to build data centers
#139[flagged]
Re: Stargate Project: SoftBank, OpenAI, Oracle, MGX to build data centers
#140It appears this basically locks out Google, Amazon and Meta. Why are we declaring OpenAI as the winner? This is like declaring Netscape the winner before the dust settled. Having the govt involved in this manner can’t be a good thing.
Interestingly, there seems to be no actual government involvement aside from the announcement taking place at the White House. It all seems to be private money.