Core Viewpoint - The "Stargate" project, initially announced as a major AI infrastructure initiative by the U.S. government, has faced significant delays and challenges, with no substantial progress made in six months [1][2][6]. Group 1: Project Overview - The "Stargate" project was announced with a plan to invest $500 billion over four years, with an immediate deployment of $100 billion for AI infrastructure [2]. - The project was compared to historical initiatives like the Apollo and Manhattan projects, aiming to secure U.S. leadership in AI and create hundreds of thousands of jobs [2]. - As of now, the project's goals have been drastically reduced, with only a small data center in Ohio targeted for completion by the end of the year [2]. Group 2: Financial and Partnership Challenges - Initial skepticism about the project's funding was raised by Elon Musk, who claimed that the financial backing from SoftBank was insufficient [3]. - OpenAI's CEO Sam Altman attempted to counter these claims by showcasing project images, but doubts about the project's financial viability persist [3]. - Key partners, including SoftBank, OpenAI, Oracle, and the MGX fund, have conflicting strategic goals, complicating collaboration and funding efforts [4]. Group 3: Operational and Technical Hurdles - The project faces operational challenges, including high costs, uncertain returns, and increased energy demands from data centers [5]. - OpenAI has sought alternative computing resources outside of the "Stargate" project, indicating a lack of reliance on SoftBank [5]. - The complexity of building and operating large data centers requires significant technical expertise and resources, which adds to the project's difficulties [5]. Group 4: Governance and Coordination Issues - The project highlights governance flaws in managing large-scale initiatives led by private sectors, where diverse interests can hinder progress [6]. - The attempt to align multiple stakeholders with differing objectives has proven ineffective, leading to a standstill in project advancement [6].

软银与OpenAI的"星际之门"项目因经济风险担忧遇阻 金十数据5月12日讯，据外媒报道，软银集团在美国投资1000亿美元人工智能基础设施的计划已经放 缓，关税带来的经济风险阻碍了融资谈判。软银创始人孙正义和OpenAI联合创始人阿尔特曼今年1月公 布了"星际之门"项目（Stargate），承诺"立即"开始投入1000亿美元，并逐步将其规模增至5000亿美元 左右。但三个多月过去了，软银仍未制定出项目融资模板，也未与银行、私募股权投资者和资产管理公 司展开详细讨论。据知情人士透露，随着经济波动加剧和人工智能服务价格下降，金融家重新评估数据 中心，因此没有达成任何交易。资本成本上升以及对全球经济衰退可能削弱数据中心需求的担忧，导致 相关讨论陷入僵局。 ...