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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

#241

Post by talldayo »

senectus1 wrote: post #234

I watched the announcement live, I could have sworn that the softbank guy said "initial investment of 100 MILLION, we hope to EARN 500 BILLION by the end of your (Trumps) term" Gave me a real "this is just smoke and mirrors hiding the fact that the white house is now a glory hole for Trump to enjoy" feel.

Investigate the connection between Softbank and Apple; then examine the ties between Tim Cook and Trump:

https://www.bbc.com/news/articles/cj4d75zl212o

https://apnews.com/article/trump-apple-tim-cook-tech-0a9fb8e...

You don't need a finance degree to figure out what's happening here. Apple is ripping pages right out of Elon's playbook.

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

#242

Post by notatoad »

383toast wrote: post #208

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...

there doesn't appear to be any timeline announced here. the article says the "initial investment" is expected to be $100bn, but even that doesn't mean $100bn this year.

if this is part of softbank's existing plan to invest $100bn in ai over the next four years, then all that's being announced here is that Sama and Larry Ellison wanted to stand on a stage beside trump and remind people about it.

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

#243

Post by miltonlost »

EForEndeavour wrote: post #177
Willingham wrote: post #10

Earlier quoted context omitted.

Agreed, and whats the story behind the art chosen for the landing page?

I'm also curious how a global leader in multimodal generative AI chose this particular image. Did they prompt a generator for a super messy impressionist painting of red construction cranes with visible brush strokes, distorted to the point of barely being able to discern what the image represents?

Considering Stargate's introduction and plan seems to be a super messy concept of impressions of ideas and very lacking in details, the picture makes a lot of sense. Let AI evangelists see the future in the fuzz; let AI pessimists see failure in the abstract; let investors see $$$ in their pockets.

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

#245

Post by gpm »

oldstrangers wrote: post #196

Wouldn't 500bn into quantum computing show better returns for civilization? Assuming it's about progress and ... not money.

We don't really know anything useful that can be done with quantum computers for civilization.

They can break some cryptography... other than that... what are they good for?

There's some highly speculative ideas about using them for chemistry/biology research, but no guaranteed return on investment at all.

As far as I know... that's it.

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

#247

Post by dang »

383toast wrote: post #208

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...

I agree that the numbers are confusing so I've taken $500B out of the title above and replaced it with just data centers.

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

#248

Post by bugglebeetle »

talldayo wrote: post #191
ErgoPlease wrote: post #82

There's a good amount of irony in the results that AI have achieved, particularly if we reach AGI - they have improved individual worker efficiency by removing other workers from the system. Naming it Stargate implies a reckoning with the actual series itself - an accomplishment by humanity. Instead, what this pushes, is accomplishing the removal of humans from humanity. I like cool shiny tech, but I like useful tech…

> Instead, what this pushes, is accomplishing the removal of humans from humanity. If you buy the marketing, yeah. But we aren't really seeing that in the tech sector. We haven't seen it succeed in the entertainment sector... it's still fighting for relevance in the medical and defense industries too. The number and quality of jobs that AI replaced is probably still quite low, and it will probably remain that way eve…

> AI is DOA. LLMs have no successor, and the transformer architecture hit it's bathtub curve years ago

Tell me you didn’t read the DeepSeek R1 paper without telling me you also don’t know about reinforcement learning.

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

#249

Post by llamaimperative »

lvl155 wrote: post #66
dwnw wrote: post #45

Earlier quoted context omitted.

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.

Probably because they don’t have to deal with energy-related regulations…

That was sarcasm, the Texas grid falls over pretty much annually at this point.

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

#250

Post by tuvang »

throitallaway wrote: post #205
serjester wrote: post #194

You 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?

OpenAI has a very healthy revenue stream in the form of other companies throwing money at them.

But to answer your question, no they aren’t even profitable by themselves.

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