January 24, 2025:
Meta and OpenAI Mega AI Investments Unveiled - OpenAI, SoftBank, and Oracle are backing Project Stargate, a $500 billion initiative to develop a vast AI-optimized data center network. The companies will raise an initial $30 billion, with additional funding through equity and debt. Meanwhile, Meta Platforms plans a $60-65 billion investment in data centers and AI talent, aiming for a gigawatt in computing capacity by year-end.
Meta's roadmap also includes the launch of Llama 4 and an AI programming assistant. Both projects reflect significant commitments to advancing AI infrastructure and capabilities, indicating a robust competitive landscape in the technology sector.
