tiprankstipranks
OpenAI’s Stargate represents shift away from Microsoft, WSJ reports
The Fly

OpenAI’s Stargate represents shift away from Microsoft, WSJ reports

Microsoft’s (MSFT) absence from OpenAI’s Stargate announcement follows months of tension between the two companies and signals an era where the partners will be less reliant on one another, Tom Dotan and Deepa Seetharaman of The Wall Street Journal reports. At a White House press conference, the ChatGPT maker announced Stargate, which is a new venture with Oracle (ORCL) and SoftBank (SFTBY). Stargate intends to spend up to $500B building new data centers in the U.S. to help with OpenAI’s development.

Invest with Confidence:

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App