The Wall Street Journal

SoftBank and OpenAI’s $500 Billion AI Project Struggles to Get Off Ground

The Stargate venture, introduced at White House event, is now setting the more modest goal of building a small data center by year-end

President Trump at the White House, accompanied from left by technology executives Larry Ellison, Masayoshi Son and Sam Altman earlier this year.
President Trump at the White House, accompanied from left by technology executives Larry Ellison, Masayoshi Son and Sam Altman earlier this year. Photo: Andrew Harnik/Getty Images

A $500 billion effort unveiled at the White House to supercharge the U.S.’s artificial-intelligence ambitions has struggled to get off the ground and has sharply scaled back its near-term plans.

Six months after Japanese billionaire Masayoshi Son stood shoulder to shoulder with Sam Altman and President Trump to announce the Stargate project, the newly formed company charged with making it happen has yet to complete a single deal for a data center.

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