OpenAI's Stargate project lacks a fully developed plan and hasn't secured funding yet, according to a report from the Financial Times.

Trump announced a $500 billion joint venture between OpenAI, Softbank, MGX and Oracle to build new datacenters to power the next wave of AI.

OpenAI and Japanese conglomerate SoftBank will each commit $19 billion to fund Stargate, a joint venture to develop data centers for artificial intelligence in the U.S., the Information reported on Wednesday.

We may now know roughly how much money SoftBank and OpenAI are contributing toward Stargate, OpenAI's massive data center project.

Such announcements aren’t without political risks, as OpenAI learned when Trump adviser Elon Musk criticized the deal on the social network he owns.

Under the Trump administration, OpenAI and other members of the tech sector are making a push to establish AI dominance in the U.S.

CNBC's Kate Rooney joins 'Fast Money' to talk the AI project Stargate's investment Middle East connection. Trump 'border czar' tells ABC military planes will deport migrants every day Celebrity personal trainers share the 3 biggest mistakes people make when trying to get fit and lose fat — and what to do instead Wall of ice the size of Rhode Island heading toward penguin-packed island off Antarctica Justin Baldoni releases unedited 'It Ends With Us' footage featuring Blake Lively Bill and Melinda Gates gave their kids a strict ‘middle-class' upbringing,

Stargate is little more than an extension of Sam Altman's powerful AI company, anonymous sources told the Financial Times.

The post OpenAI, SoftBank investing $19B each into Stargate, report claims appeared first on Android Headlines.