SoftBank concedes Stargate Project with OpenAI needs more time

Share via:



SoftBank Group Corp. said it’s taking longer than anticipated to get Stargate off the ground, conceding for the first time that the $500 billion artificial intelligence tie-up in the US with OpenAI is bogging down.

The Japanese company is trying to forge a consensus with partners including Oracle Corp. and Abu Dhabi’s MGX, Chief Financial Officer Yoshimitsu Goto said during an earnings briefing. SoftBank expects to begin “concrete” negotiations for its first Stargate datacenter site soon, Goto said.

“We need to take our time to prepare a…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

Popular

More Like this

SoftBank concedes Stargate Project with OpenAI needs more time



SoftBank Group Corp. said it’s taking longer than anticipated to get Stargate off the ground, conceding for the first time that the $500 billion artificial intelligence tie-up in the US with OpenAI is bogging down.

The Japanese company is trying to forge a consensus with partners including Oracle Corp. and Abu Dhabi’s MGX, Chief Financial Officer Yoshimitsu Goto said during an earnings briefing. SoftBank expects to begin “concrete” negotiations for its first Stargate datacenter site soon, Goto said.

“We need to take our time to prepare a…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

Website Upgradation is going on for any glitch kindly connect at office@startupnews.fyi

More like this

Nvidia, joining Big Tech deal spree, to license Groq...

Nvidia has agreed to license chip technology from...

MacSync Stealer variant bypasses Apple malware protections

We’ve recently seen how ChatGPT was used to...

Urban Company In 2025, Outage At Rapido & More

Wishing you a happy Christmas from everyone at...

Popular