Who/what is MGX? Google returns a few hits, none of which are clearly who is referred to here.
[deleted]
Stargate Project: SoftBank, OpenAI, Oracle, MGX to build data centers
71–80 of 1001 posts
Re: Stargate Project: SoftBank, OpenAI, Oracle, MGX to build data centers
#72> 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…
SoftBank having financial responsibility is insane. This is just a way to funnel money into people Trump owes.
Re: Stargate Project: SoftBank, OpenAI, Oracle, MGX to build data centers
#73So its not the hype anymore?
Softbank historically had been late to buy into the hype, but man do they buy big.
Re: Stargate Project: SoftBank, OpenAI, Oracle, MGX to build data centers
#74Some reports[0] paint this as something Trump announced and that the US Government is heavily involved with but the announcement only mentions private sector (and lead by Japan's Softbank at that). Is the US also putting in money? How much control of the venture is private vs public here?
0. https://www.thewrap.com/trump-open-ai-oracle-stargate-ai-inf...
1. https://www.cbsnews.com/news/trump-announces-private-sector-...
Re: Stargate Project: SoftBank, OpenAI, Oracle, MGX to build data centers
#75I for one am hugely supportive of compute that is red white and blue.
Re: Stargate Project: SoftBank, OpenAI, Oracle, MGX to build data centers
#76> starting in Texas Maybe I just don't get it. Texas seems like an awful place to do business.
No state income tax, fewer regulations (zoning, environmental regulations) than other parts of the country, relatively cheap power, large existing industrial base. For skilled labor that last bit is important. Also one of the cheapest states wrt minimum wage (same as federal, nothing added), which is important for unskilled labor.
Depending on the part of the state, relatively low costs of living which is helpful if you don't like paying people much. Large areas that are relatively undeveloped or underdeveloped which can mean cheaper land.
Re: Stargate Project: SoftBank, OpenAI, Oracle, MGX to build data centers
#77$500B is not $7T, but its surprisingly close.
Re: Stargate Project: SoftBank, OpenAI, Oracle, MGX to build data centers
#78Was Skynet project already taken? Wonder how many public infrastructure or resource programs will be cut to fund this.
Re: Stargate Project: SoftBank, OpenAI, Oracle, MGX to build data centers
#79Earlier 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.
Say what you will about Texas, but they are adding energy capacity, renewables especially, at a much faster rate than any comparable state.
Probably the first state to power all those renewables down at the whim of the president too.
Re: Stargate Project: SoftBank, OpenAI, Oracle, MGX to build data centers
#80Earlier 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.
Say what you will about Texas, but they are adding energy capacity, renewables especially, at a much faster rate than any comparable state.
Ok but their grid sure seems to fail a lot.