MGX named initial equity funder in $500bn US Stargate project

2025-01-21UAEfunding

Value
Undisclosed

Parties
MGX, OpenAI, SoftBank, Oracle

Abu Dhabi's MGX is one of four initial equity funders in Stargate, alongside SoftBank, OpenAI and Oracle; the venture plans to invest $500bn in US AI infrastructure over four years. MGX's own contribution was not disclosed.

Source: https://openai.com/index/announcing-the-stargate-project/

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