Stargate, a planned joint venture between OpenAI, SoftBank, and Oracle, are expected to commit $100 billion initially and then up to $500 billion in funding for Stargate over the next four years. This follows reports from last year about these companies working on a $100 billion data center project that would include an artificial intelligence supercomputer called Stargate. I would bank that the name of the joint venture comes from this supercomputer that is supposed to come online in 2028.

It will be interesting to see what comes out of this as Oracle is known to be working on data center designs that are powered by SMRs which would directly power the data center without the need to rely on existing power generation facilities.