Trump’s Stargate project in the face of reality: the necessary 500 billion are not found for Openai
The craze around the ia data centers run out of steam, especially in China. The United States is also struck if we believe Bloombergsince the Stargate project of Openai requires $ 500 billion for a construction on American and internationally territory. The company of Sam Altman, however, counts on the support of the Japanese conglomerate Softbank, but no commitment from the possible investors has taken place.
The future of the Stargate project is threatened
Yet, Even Elon Musk warned Donald Trump that this project was impossible to finance. Especially in the face of the instability of the financial markets and the price war in the AI sector. Financial institutions and asset managers are cautious and hesitate to initiate investments deemed too risky.
However, one of the main partners of the Stargate project, SoftBank, is slow to make its participation a reality. The group has not even developed a financial structure to participate in this construction, hence uncertainties around this ambitious infrastructure.
Other technological giants revolve their ambitions downwards in the field of IA infrastructure. Microsoft or Amazon postpone or resize construction projects. Concern: concerns around possible overcapacity in this emerging but already under tension market.
Added to the recent increases in American customs duties to these financing difficulties. The measures strike the costs of the essential equipment of these data centers: servers racks, cooling systems and semiconductors.
As reported Zdneta TD Cowen analyst, a American investment bank, believes that “The overall cost of building a data center should increase by 5 to 15 % on average”.
This means that the increase weighs on profitability prospects and complicates OpenAi’s financing efforts in its Stargate project. The future is uncertain for this $ 500 billion initiative.
