Microsoft Loses Exclusivity as OpenAI Cloud Provider Amid Stargate Project Announcement

Benzinga

Microsoft, the largest investor in OpenAI and its principal cloud partner, is no longer the exclusive provider of computing capacity for the AI startup. OpenAI will now have the option to seek additional capacity from other providers, with Microsoft retaining a right of first refusal, the company said in a blog post on Tuesday. The shift comes as former President Donald Trump announced the Stargate Project, a joint venture between OpenAI, Oracle, SoftBank, and other partners. The project aims to invest $100 billion initially and up to $500 billion over four years in U.S. AI infrastructure.

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00:00It's Benzinga bringing Wall Street to Main Street.

00:02Microsoft, the largest investor in OpenAI and its principal cloud partner, is no longer

00:07the executive provider of computing capacity for the AI startup.

00:11OpenAI will now have the option to seek additional capacity from other providers, with Microsoft

00:17retaining the right to first refusal.

00:19The company said this in a blog post on Tuesday.

00:22The shift comes as President Donald Trump announced the Stargate project, a joint venture

00:27between OpenAI, Oracle, SoftBank and other partners.

00:30The project aims to invest $100 billion initially and up to $500 billion over four years in

00:35the U.S.

00:36AI infrastructure.

00:37For all things money, visit Benzinga.com slash GSTV.

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