We changed the URL from https://openai.com/index/announcing-the-stargate-project/ to a third-party report. Readers may want to read both. If there's a better URL, we can change it again.
Stargate Project: SoftBank, OpenAI, Oracle, MGX to build data centers
201–210 of 1001 posts
Re: Stargate Project: SoftBank, OpenAI, Oracle, MGX to build data centers
#202Why are corporations announcing business deals from the White House? There doesn’t seem to be any public ownership/benefit here, aside from potential job creation. Which could be significant. But the American public doesn’t seem to gain anything from this new company.
I thought the business prop for AI was that it eliminates jobs?
It will. The short-term sale is that it will create thousands of temporary jobs, and long-term reduce hundreds of thousands of jobs, while handing the savings to stock holdings and moving wealth to the stockholders.
Re: Stargate Project: SoftBank, OpenAI, Oracle, MGX to build data centers
#203Re: Stargate Project: SoftBank, OpenAI, Oracle, MGX to build data centers
#204Any clues to how they plan to invest $500 billion dollars? What infrastructure are they planning that will cost that much?
I'll make a wild guess that they will be building data centers and maybe robotic labs. They are starting with 100B of committed by mostly Softbank, but probably not transacted yet, money. > building new AI infrastructure for OpenAI in the United States The carrot is probably something like - we will build enough compute to make a supper intelligence that will solve all the problems, ???, profit.
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Re: Stargate Project: SoftBank, OpenAI, Oracle, MGX to build data centers
#205You have to keep in mind Microsoft is planning on spending almost 100B in datacenter capex this year and they're not alone. This is basically OpenAI matching the major cloud provider's spending. This could also be (at least partly) a reaction to Microsoft threatening to pull OpenAI's cloud credits last year. OpenAI wants to maintain independence and with compute accounting for 25–50% of their expenses (currently) [2]…
Microsoft has lots of revenue streams tied to that capex outlay. Does OpenAI have similar revenue numbers to Microsoft?
Re: Stargate Project: SoftBank, OpenAI, Oracle, MGX to build data centers
#206Why are corporations announcing business deals from the White House? There doesn’t seem to be any public ownership/benefit here, aside from potential job creation. Which could be significant. But the American public doesn’t seem to gain anything from this new company.
We are currently witnessing the merging of government and corporations. It was bad before but the process is accelerating now.
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Re: Stargate Project: SoftBank, OpenAI, Oracle, MGX to build data centers
#207It seems early for this sort of move. This is also a huge spin on the whole thing that could throw a lot of people off.
Is there any planned future partnerships? Stargate implies something about movies and astronomy. Movies in particular have a lot of military influence, but not always.
So, what's the play? Help mankind or go after mankind?
Also, can I opt-out right now?
Re: Stargate Project: SoftBank, OpenAI, Oracle, MGX to build data centers
#208Where 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...
Re: Stargate Project: SoftBank, OpenAI, Oracle, MGX to build data centers
#209~$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.
Don't worry, they said they are doing it in Texas where the power grid is super reliable and able to handle the massive additional load.
"Don't be snarky."
"Eschew flamebait."
Let's not have regional flamewar on HN please.
Re: Stargate Project: SoftBank, OpenAI, Oracle, MGX to build data centers
#210SoftBank isn't a US entity, right? Aside from their risk tolerance, that seems like an odd bedfellow for a national US initiative...
MGX also isn't a US entity, it's a UAE sovereign wealth venture