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)
Copyright (c) 2025 Dow Jones & Company, Inc.
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。