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Stargate: $500 billion for the construction of data centers in the USA

January, 22 2025

OpenAI, Oracle Corp., Japanese SoftBank and the UAE investment company MGX are creating a joint venture Stargate to build data centers in the United States. The companies are allocating $100 billion, planning to increase the volume of investments to $500 billion in four years. These funds include projects launched during the presidency of Joe Biden. The partners' shares are not disclosed.The creation of Stargate was announced at the White House with the participation of Donald Trump, Sam Al... Read More

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