SoftBank Concedes Stargate Project With OpenAI Needs More Time
Masayoshi Son in front of a screen displaying a photograph of him and Sam Altman, during the Transforming Business through AI Conference in Tokyo.
Photographer: Kosuke Okahara/BloombergSoftBank 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.