Is SoftBank still backing OpenAI?

9 months ago

SoftBank and OpenAI's $500 billion 'AI Project' has scaled back its near-term plans, aiming to build a small data center by year-end.
The Stargate project, announced with much fanfare, has not completed any data center deals despite initial claims.
Confusion arises as OpenAI refers to data centers in Texas as part of Stargate, but SoftBank has no involvement in these sites.
Reports misleadingly attribute the Abilene Texas data center to the Stargate project, despite SoftBank's non-involvement.
OpenAI and SoftBank are accused of deliberate deception to maintain the appearance of SoftBank's involvement in the Abilene site.
SoftBank's financial commitments to OpenAI, including a $3 billion annual payment and a $40 billion investment, appear uncertain.
Evidence suggests SoftBank may not be able to meet its financial commitments to OpenAI, casting doubt on the partnership's viability.
The Stargate project seems to be more of a branding exercise than a tangible initiative, with little to no actual progress.

Hasty Briefsbeta