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

apnews.com

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

#291

Post by TuringNYC »

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...

>> 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...

1. The outlays can be over many years.

2. They can raise debt. People will happily invest at modest yields.

3. They can raise an equity fund.

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

#295

Post by [deleted] »

tuvang wrote: post #250
throitallaway wrote: post #205

Earlier quoted context omitted.

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.

[deleted]

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

#297

Post by janalsncm »

rcpt wrote: post #253
skepticATX wrote: post #140

Earlier quoted context omitted.

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.

Yeah but the linked article makes it seem like the current, one-day-old, administration is responsible for the whole thing.

The article also mentions that this all started last year.

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

#298

Post by griomnib »

heydenberk wrote: post #29

~$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.

How else do you think Trump is going to bring back all the coal jobs? SV is going to help burn down the planet and is giddy over the prospect.

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

#300

Post by TheAceOfHearts »

I'm confused and a bit disturbed; honestly having a very difficult time internalizing and processing this information. This announcement is making me wonder if I'm poorly calibrated on the current progress of AI development and the potential path forward. Is the key idea here that current AI development has figured out enough to brute force a path towards AGI? Or I guess the alternative is that they expect to figure it out in the next 4 years...

I don't know how to make sense of this level of investment. I feel that I lack the proper conceptual framework to make sense of the purchasing power of half a trillion USD in this context.

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