SoftBank (TYO:9434) OpenAI's Stargate, and Oracle have significantly scaled back their $500 billion AI infrastructure initiative, now targeting a small data center in Ohio by year-end-far short of their original $100 billion investment pledge, Wall Street Journal reported on Tuesday.
Softbank's shares gained nearly 3% in early trading.
Six months after Masayoshi Son and Sam Altman announced Stargate at the White House, the project has yet to finalize any data center deals due to disputes over site locations and partnership terms, said the publication.
The delays mark a setback for SoftBank, which committed $30 billion to OpenAI and took on debt to bet big on AI infrastructure, even as it lags rivals in the sector, added the report.
(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。