OpenAI's Stargate project reportedly struggling to get off the ground, thanks to tariffs | TechCrunch
In Brief
Posted:
8:05 AM PDT · May 12, 2025
Image Credits:Thomas Fuller / SOPA Images / LightRocket / Getty Images
OpenAI’s ambitious Stargate data center project is facing delays thanks to tariff-related economic uncertainty, reports Bloomberg.
Growing market volatility and cheaper AI services have made banks, private equity investors, and asset managers wary of investing in Stargate, an OpenAI-led project that aims to raise up to $500 million for AI infrastructure in the U.S. and overseas. Sof...
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