Microsoft and OpenAI invest $100 billion in new ‘Stargate’ AI venture

What you need to know

  • Microsoft and OpenAI have reportedly invested over $100 billion in a new project, Stargate.
  • It’s a data center that will help support both companies’ AI advances by meeting their high demand for GPUs.
  • The project is expected to launch in 2028 and will reduce the overreliance on NVIDIA for AI chips.

NVIDIA is undoubtedly cashing out as we leap toward the biggest technology revolution with AI. The company was ranked as the world’s most profitable semiconductor chip brand for Q3 2023 due to the rising demand for GPUs. This translates to $18.12 billion in revenue and a $10.42 billion profit. 

Admittedly, we’re edging closer to a point where NVIDIA can’t meet or satisfy the alarmingly high demand for AI chips as more companies warm up and adopt generative AI. 

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