Discussion

• @svbriskmanager Chairman Meow on x

  @anissagardizy8 It feels like $ORCL is trying to sabotage themselves. Negative free cashflow, piling billions into their OpenAI investment & now this. Those credit default swaps lookin real nice right about now.

• @xdnibor Robin on x

  🥱🥱 Look who turned out to be correct. Once again. [image]

• @unblinking3y3 @unblinking3y3 on x

  @anissagardizy8 Disturbing trend of “journalists” creating news. Altman vs Jensen is a good example. She has a lot wrong: 1) Son has no beef with Sam: in fact he just pumped in another $22B into Stargate in Dec 2) Abilene & Wisconsin are active. She is looking at paper vs dirt

• @joshinvestsai @joshinvestsai on x

  $IREN “The reality is, there is a lot of fake power in the market. There is a lot of what we call ‘paper power.’ People are out there claiming to have gigawatts of capacity, but when you look closely, they don't have the substations, they don't have the physical infrastructure,

• @aakashgupta Aakash Gupta on x

  The $500 billion number was always the distraction. The constraint was always execution. Stargate LLC was announced at the White House 13 months ago. Three partners. $100 billion “immediately.” 10 gigawatts of compute. The joint venture entity itself hasn't staffed up. Hasn't

• @edzitron Ed Zitron on x

  Per @theinformation's @anissagardizy8, Stargate is effectively dead unless you consider any data center project OpenAI is a tenant of a Stargate data center. Been obvious since the very beginning this was never a real initiative https://www.theinformation.com/ ... [image]

• @lempheter Teej Boone Pickens on x

  The JV drama, governance spats, byzantine credit structures, and recursive financing will continue making headlines. And folks can feel free to analyze all of it for signal. But why not just look at what's actually happening on the ground? Our drone imagery from Stargate [video]

• @anissagardizy8 Anissa Gardizy on x

  NEW: The Stargate joint venture between OpenAI, Oracle and SoftBank hasn't staffed up and isn't building OpenAI's data centers. Inside the unraveling: clashes over control, marathon negotiations fueled by 7-Eleven in Tokyo, financing pushback, and a quiet pullback from OpenAI

• @donmiami3 Don Johnson on x

  Data center construction is very likely peaking this month nationally, the road gets rockier from here. We'll have our full update next week as we process all of the data & updates from municipalities.

• @rsanti97 Santi Ruiz on x

  There is a lesson here about policy entrepreneurship...

• @shanumathew93 Shanu Mathew on x

  👀More than a year after the White House announcement, the Stargate JV still hasn't staffed up or developed any OpenAI data centers. The three partners disagreed over roles from the start. OpenAI tried to self-build but lenders balked at backing a company burning billions with

• @tmtlongshort @tmtlongshort on x

  I'm insanely bullish and think this story way overstates the issues but it is also mildly concerning that the relevant parties weren't sufficiently hopped up on Adderall and had to duck out to 7-11 for sustenance. The labs need more pod-bros. [image]

• @elonmusk Elon Musk on x

  @xdNiBoR Hardware is hard

• @mrewanmorrison Ewan Morrison on x

  Another data centre construction in trouble.

• @carlquintanilla Carl Quintanilla on bluesky

  “.. Exclusive: Stargate launched to much fanfare but never got off the ground, forcing OpenAI to pivot to satisfy its computing needs.”  —  @theinformation.com  —  www.theinformation.com/articles/ ins...  [image]

• @_karenhao Karen Hao on x

  Incredible reporting from @anissagardizy8 in @theinformation about OpenAI's struggle to get more computing power as Stargate—its $500B data center buildout—has floundered. https://www.theinformation.com/ ... It includes this detail. We are in the dirt-eating phase of the AI hype …