ITBEAR

Nadella Reassures on Microsoft’s Financial Stability Amid Musk’s ‘Stargate’ Funding Doubts

January 24, 2025 – Microsoft CEO Satya Nadella has brushed off concerns raised by Elon Musk regarding the funding for the ambitious $500 billion AI infrastructure project named “Stargate”. Musk had questioned the adequacy of funds for the massive undertaking, but Nadella appeared unfazed during an interview with CNBC at the World Economic Forum in…

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Microsoft Gives OpenAI More Freedom in AI Compute, Sparking a $500 Billion ‘Stargate’ Venture

January 22, 2025 – Microsoft announced an adjustment to its partnership with OpenAI yesterday, January 21st, allowing OpenAI to utilize computing resources from competitors. This modification is aimed at accommodating OpenAI’s escalating demand for computational power and easing tensions between the two parties arising from compute supply issues. Previously, OpenAI’s compute requirements were exclusively reliant…

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Stargate: A $500 Billion Investment in AI Infrastructure Led by Tech Leaders OpenAI and SoftBank

January 22, 2025 – Today, technology giants including OpenAI and SoftBank announced their joint venture into a new project named “Stargate.” This newly established company, Stargate, aims to invest $500 billion over the next four years to build AI infrastructure in the United States for OpenAI. Both OpenAI and SoftBank have stated that they will…

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