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OpenAI, SoftBank, Oracle team up for $500B Stargate data center project
Bay Area Times
January 22, 2025
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Top stories today:
- OpenAI, SoftBank, Oracle team up for $500B data center project
- Trump says open to Elon Musk, Larry Ellison purchasing TikTok in U.S.
- Google said to invest additional $1B in Anthropic to boost AI’s presence
- Netflix’s Q4 revenue +16% YoY to $10.25B, net income +99% to $1.87B
- China stocks hit by Trump’s 10% tariff threat
- Longevity Biotech Fellowship announces cohort 6
0. Data and calendar
All values as of 6 AM ET / 3 AM PT, other than S&P500 and NASDAQ close (4 PM ET / 1 PM PT).
All times are ET.
Listen to our AI-generated podcast summarizing today’s newsletter (beware of hallucinations):
1. OpenAI, SoftBank, Oracle team up for $500B Stargate data center project
$100B will be deployed now, with $400B invested over four years.
Large data center in Texas: 1st project.
Aimed at building “AI infrastructure for OpenAI” in the U.S.
SoftBank CEO Masayoshi Son will be the project’s chair.
3. Trump says open to Elon Musk, Larry Ellison purchasing TikTok in U.S.
“[W]hat I’m thinking about saying to somebody is buy it and give half” to the U.S., Trump said at the White House.
Jan. 20: Trump delayed TikTok’s ban or sale by 75 days with an executive order.
ByteDance has so far refused to sell TikTok but may reconsider due to ongoing challenges.
MrBeast on Tue. joined Jesse Tinsley's group bidding for TikTok.
Billionaire Frank McCourt and Kevin O’Leary also formally bid for TikTok this month.
Amazon and Oracle have also been floated as possible suitors.
4. Google said to invest additional $1B in Anthropic to boost AI’s presence
