Sam Altman, Masa Son's Massive "Stargate" Initiative Flops, Nothing But Hot Air Between Two Egomaniacs

The Stargate project, a $500 billion AI infrastructure initiative between OpenAI and SoftBank, announced with much fanfare, is facing significant challenges. Despite initial pledges of $100 billion in immediate investment, the project has yet to complete a single data center deal. Disagreements between Sam Altman and Masayoshi Son over partnership terms and site locations are hindering progress. SoftBank's financial capabilities are also in question, with concerns raised about its ability to fund its commitments. OpenAI is pursuing data center deals independently, including a large agreement with Oracle. The Stargate project's struggles highlight the complexities and financial demands of AI infrastructure development. OpenAI's substantial spending raises concerns about profitability and the need for significant debt financing. Critics question the viability of AI investments and their long-term financial sustainability. Despite setbacks, data center development remains a priority, driven by the growing demands of AI. The article suggests that much of the projected AI infrastructure development deals will ultimately fail.