The $500B “Stargate” artificial-intelligence project from SoftBank (SFTBY) and OpenAI, which was unveiled at the White House, has struggled to get off the ground and has sharply scaled back its near-term plans, according to a report by Eliot Brown and Berber Jin of the Wall Street Journal. Six months after the announcement, the venture has yet to complete a single deal for a data center, with the new, more modest goal being to build one small data center by year-end, likely in Ohio. The two companies have reportedly been at odds over crucial terms of the partnership, including where to build the sites. Meanwhile, OpenAI has moved forward without SoftBank, striking a data-center deal with Oracle (ORCL) that will see OpenAI pay more than $30B a year, as well as a smaller deal with CoreWeave (CRWV).
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