481–490 of 1001 posts
I hear this joked about sometimes or used as a metaphor, but in the literal sense of the phrase, are we in a cold war right now? These types of dollars feel "defense-y", if that makes sense. Especially with the big focus on energy, whatever that ends up meaning. Defense as a motivation can get a lot done very fast so it will be interesting to watch, though it raises the hair on my arms
> 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…
Japan companies were a threat just a couple weeks ago. There is credible evidence that leads me to believe that (1) Nippon Steel Corporation, a corporation organized under the laws of Japan . . . might take action that threatens to impair the national security of the United States; https://bidenwhitehouse.archives.gov/briefing-room/president...
https://www.reuters.com/markets/deals/japans-seven-i-deal-re...
How have they already selected who gets this money? Usually the government announces a program and tries to be fair when allocating funds. Here they are just bankrolling an existing project. Interesting
As I understand it there wasn't anything to select, this is their own private money to be spent as they please. In this case Stargate.
I hear this joked about sometimes or used as a metaphor, but in the literal sense of the phrase, are we in a cold war right now? These types of dollars feel "defense-y", if that makes sense. Especially with the big focus on energy, whatever that ends up meaning. Defense as a motivation can get a lot done very fast so it will be interesting to watch, though it raises the hair on my arms
It's called a bubble. The level of spending now defines how fucked we are in 2-3 years.
Make hay while the sun shines.
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…
This has nothing to do with technology it is a purely financial and political exercise...
~$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.
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.
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.
Is there really any government involvement here? I only see Softbank, Oracle, and OpenAI pledging to invest $500B (over some timescale), but no real support on the government end outside of moral support. This isn't some infrastructure investment package like the IRA, it's just a unilateral promise by a few companies to invest in data centers (which I'm sure they are doing anyway).
> The president indicated he would use emergency declarations to expedite the project’s development, particularly regarding energy infrastructure.
> “We have to get this stuff built,” Trump said. “They have to produce a lot of electricity and we’ll make it possible for them to get that production done very easily at their own plants.
https://www.theguardian.com/us-news/2025/jan/21/trump-ai-joi...
Earlier quoted context omitted.
It's called a bubble. The level of spending now defines how fucked we are in 2-3 years.
You know those booths at events where money is blown around and the person inside needs to grab as much as they can before the timer runs out? This is that machine for technologists until the bubble ends. The fallout in 2-3 years is the problem of whomever invested or is holding bags when (if?) the bubble pops. Make hay while the sun shines.
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...
MGX has at least $100bn: https://www.theinformation.com/articles/a-100-billion-middle... This is Abu Dhabi money.