Compute / the Ledger · 1 deal
Who is paying whom for compute.
Every deal dated, typed in plain words, and linked to the document it comes from.
The LedgerRead against its source
Deals with MGX as a party. MGX’s page · Show every party
| Announced | Deal | Parties | Type | Value | Terms | Source |
|---|---|---|---|---|---|---|
| 21 Jan 2025 | OpenAI, SoftBank, Oracle and MGX announce Stargate, intending to invest $500B in US AI infrastructure over four yearsAnnouncedEquity funders SoftBank, OpenAI, Oracle and MGX; SoftBank has financial responsibility, OpenAI operational responsibility. Technology partners Arm, Microsoft, Nvidia, Oracle, OpenAI. | Equity stake | $500BA stated intention ('intends to invest'), not a binding commitment; $100B to be deployed immediately. | 4 years | OpenAI announcement, 2025-01-21Company press release |
chip named on 0 of 1 · term on 1 · price on 0
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How the Ledger is kept
- Every row is a deal read in its source, and links to that source.
- Every row says what kind of document it comes from: a regulatory filing, the company’s own release, an earnings call, or a news report. A news report stays a news report until a filing confirms it.
- Values are the headline figures as the parties disclosed them, in US dollars, unadjusted. “Undisclosed” means they did not say.
- The end date is the start plus the term, worked out here — it is not a reported figure.
- Facts only. The Ledger holds no view on any deal.