PYMNTS.com January 27, 2025
This week, President Donald Trump and a small group of tech executives — OpenAI CEO Sam Altman, SoftBank CEO Masayoshi Son and Oracle founder Larry Ellison — announced Stargate, a four-year, $500 billion project to build data centers and other artificial intelligence (AI) infrastructure in the U.S. MGX, a UAE AI sovereign fund, is also an equity holder. Technical partners are Nvidia, Arm, Microsoft, Oracle and OpenAI.
Half a trillion dollars is a lot of money, even by Silicon Valley standards. According to IDC, the overall server market is forecasted to hit $1.3 trillion by 2028. The biggest builders of data centers include Amazon, Microsoft and Google Cloud as well as data center companies Digital Realty and Equinix. (AWS, Azure...
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