TL;DR
- Stargate is a $500B AI infrastructure programme announced in January 2025 - the equity partners are OpenAI, SoftBank, Oracle, and Abu Dhabi sovereign investor MGX
- Construction has already started in Texas with more sites planned, aimed at training and serving the next generation of frontier AI models
- The scale signals where compute spend is heading - tens of billions per cluster is becoming the price of admission at the frontier
- The initial $100B commitment is intended to scale to $500B by 2029, combining OpenAI’s models, SoftBank and MGX capital, and Oracle’s data-centre and infrastructure capabilities
- Worth tracking as a useful proxy for how seriously the industry takes the compute side of the AGI race
About
Stargate is a $500 billion AI infrastructure project announced in January 2025. The equity partners are OpenAI, SoftBank, Oracle, and MGX, with Microsoft and Nvidia listed as technology partners rather than equity investors.
The venture launched with an initial $100 billion committed, with plans to grow to $500 billion by 2029. SoftBank and OpenAI each hold roughly 40% of the entity; Oracle and MGX contribute the remainder. The partnership combines OpenAI’s AI expertise, SoftBank and MGX capital, and Oracle’s data-centre and enterprise infrastructure capabilities.
Construction has already begun in Texas and other locations as of 2026, with plans for additional facilities across multiple regions. The purpose is to provide the computational infrastructure needed to train and deploy next-generation AI models and support the rapidly expanding AI ecosystem.