1052 GMT - A new artificial-intelligence joint venture known as Stargate--that will build data centers for ChatGPT maker OpenAI--marks a significant escalation in the AI arms race, Quilter Cheviot's analyst Ben Barringer writes in market comments. "Companies involved in supplying the technology and infrastructure for Project Stargate are well-positioned to benefit significantly," Barringer says. OpenAI, SoftBank Group, Oracle and MGX are the initial equity funders in Stargate, while Arm, Microsoft and Nvidia are technology partners. The companies are committing $100 billion initially and plan to invest up to $500 billion over the next four years. (mauro.orru@wsj.com)
(END) Dow Jones Newswires
January 22, 2025 05:52 ET (10:52 GMT)
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