Trump Project Report Claims $100 Billion AI ‘Stargate’ Designed for One Company: Openai

Stargate project, The White House announced Earlier this week, a massive AI “infrastructure” project was announced that will completely transform America’s technological capacity. Executives from Oracle, Openai and SoftBank traveled to D.C. this week to announce the supposed $500 billion effort and meet with Trump. Stargate will “remanufacture” the United States and create “the strategic capability to protect the national security of America and its allies,” its proponents claim. However, according to Recent report From The Financial Times Stargate is more than just a development deal for Openai, with sources claiming it is “exclusively” the interests of the ChatGPT creator. At the same time, sources say that the project does not yet have the funds it needs to make its promises a reality.

Stargate is technically a new company, formed in part through funding from Openai, SoftBank, Oracle, Microsoft, Nvidia, Microsoft, ARM and others. The company’s goal is to build Data centers and other “AI infrastructure” Across the United States, thus, building “infrastructure (that) will secure American leadership in AI, create hundreds of thousands of American jobs, and generate enormous economic benefit for the entire world,” reads a press release on the Openai website. However, while circulating rhetoric claims Stargate will benefit the entire world, anonymous sources with knowledge of the deal told FT that Stargate will mostly benefit Openai’s business.

“The intention is not to become the world’s data center provider, it’s for Openai,” said one anonymous source interviewed by the FT. Those same sources claimed that the project’s backers, while making a big presentation at the White House earlier this week, had not worked out the details yet. “The project has not yet received the funding it requires, will not receive any government funding and will only offer Openai once it is done,” according to statements made by sources interviewed by Ft. “They haven’t figured out the structure, they haven’t figured out the financing,” one source told The Outlet. And they have no money committed.” Another person added: “There is a real intention to do this, but the details have not been fleshed out.” “People want to do great things in Trump’s first week in office.”

Although it’s unclear who these sources spoke to the FT are, it’s worth noting that Elon Musk—who is a new White House staffer and a high-ranking enemy of Openai CEO Sam Altman—was saying the exact same thing. In a recent tweet, Musk claimed so Stargate “really doesn’t have the money” and has repeatedly mocked the project.

Other reports this week It found that despite the fact that the White House has claimed that the project “will create hundreds of thousands of American jobs, generating enormous economic benefit for the entire world,” Stargate is, so far, only committed to hiring 57 people. This isn’t a great look at a project whose ultimate goals are to create technologies that can automate work and replace American workers, though I suppose it’s par for the course.

Gizmodo reached out to Openai for comment but had not heard back at the time of publication.

The project’s important ties with the authoritarian regime in the Middle East also raised eyebrows. In fact, one of the biggest known revenue sources will come from the UAE. ABU Dhabi State AI Fund –Known as MGX-He is a co-founder of Stargate and is said to be planning to commit $7 billion to Trump’s initiative. By contrast, SoftBank and Openai each plan to raise more than $15 billion. MGX is part of a sovereign wealth fund overseen by Sheikh Tahnoun bin Zayed Al Nahyan, the UAE’s intelligence chief. Nahyan has spent recent months meeting with top US technology executives – including Elon Musk, Nvidia CEO Jensen Huang, and Ruth Porat, head of Google Pater Company Alphabet – to discuss the development of artificial intelligence, Bloomberg reports.

When Altman Shockingly fired From Openai in November 2023, one theory as to why the CEO was evicted was related to his trips to the Middle East to… Raising billions for an AI-focused chip company. Altman’s discussions with the authoritarian regime were controversial at the time and still are. The reason for Altman’s firing was not publicly disclosed.