How much funding is allocated to the Stargate Project?

The Stargate Project, a massive artificial intelligence (AI) infrastructure initiative, has been allocated $500 billion (£405 billion) in funding. This funding is being provided through a partnership between OpenAI, Oracle, Japan's Softbank, and MGX, a tech investment arm of the United Arab Emirates government.

• Immediate Funding: $100 billion has been made available immediately.
• Future Funding: The remaining $400 billion will be allocated over the next four years.

This project, announced by former US President Donald Trump, is described as "the largest AI infrastructure project by far in history." It aims to create an estimated 100,000 jobs and address the growing demand for AI-related data centers, which require significant resources such as power and water.

The Stargate Project is part of a broader trend of large-scale investments in AI infrastructure by major tech companies, including Microsoft, Amazon, and others, as global demand for data center capacity is expected to triple by 2030.