OpenAI, Cisco Systems (NASDAQ:CSCO) , SoftBank Group (OTCPK:SFTBY) (OTCPK:SFTBF) and G42 are collaborating to build Stargate UAE. In January, OpenAI CEO Sam Altman, SoftBank's CEO Masayoshi Son and Oracle's Co-Founder and Chairman Larry Ellison joined U.

In a historic step forward for Artificial Intelligence and international collaboration, G42, OpenAI, Oracle, NVIDIA, SoftBank Group and Cisco announced their partnership to build Stargate UAE. Stargate UAE is a next-generation AI infrastructure cluster that will run in the newly established 5-gigawatt UAE–US AI Campus in Abu Dhabi.

In a landmark move for artificial intelligence and international collaboration, G42, OpenAI, Oracle, NVIDIA, SoftBank Group, and Cisco announced their partnership to develop Stargate UAE, a next-generation AI compute cluster to be located at the newly established UAE–US AI Campus in Abu Dhabi.

OpenAI and SoftBank's plans to invest $100 billion in artificial intelligence infrastructure in the U.S. have slowed

SoftBank Group Corp.’s profit soared 124% after valuations of tech startups like ByteDance Ltd. rose, in a boost for the Japanese company’s aggressive data center investment plans.Most Read from BloombergAs Coastline Erodes,

It’s been three months since SoftBank’s Masayoshi Son and OpenAI co-founder Sam Altman promised during a White House briefing to swiftly deploy $100 billion, and raise that figure to $500 billion

SoftBank’s $100 billion AI project with OpenAI has stalled due to US tariffs and economic uncertainty. Investors are holding back as building data centers is getting more expensive, and cheaper AI models enter the market. Open AI’s internal issues and slower data center growth from Microsoft and Amazon have hurt investor confidence.

SoftBank Group reports a surprise $3.5 billion Q4 net profit, its first full-year profit in four years, providing a crucial financial boost for its massive AI investments in OpenAI and the ambitious Project Stargate infrastructure initiative.

In a historic collaboration, OpenAI, G42, Oracle Corporation (NYSE:ORCL), NVIDIA Corporation (NASDAQ:NVDA), SoftBank Group Corp. (TYO:9984), and Cisco Systems Inc (NASDAQ:CSCO) announced plans on Thursday to build Stargate UAE,