OpenAI's Stargate project lacks a fully developed plan and hasn't secured funding yet, according to a report from the Financial Times.

The Stargate build-out is apparently already underway in Texas, and the power requirements of the site have yet to be disclosed but are likely to be significant - DCD reported last year that OpenAI presented a plan for 5GW data centers at a briefing for White House officials.

Trump announced a $500 billion joint venture between OpenAI, Softbank, MGX and Oracle to build new datacenters to power the next wave of AI.

OpenAI and Japanese conglomerate SoftBank will each commit $19 billion to fund Stargate, a joint venture to develop data centers for artificial intelligence in the U.S., the Information reported on Wednesday.

The $500 billion Stargate project is projected to create hundreds of thousands of jobs. Here's what's known so far.

On Tuesday, OpenAI, SoftBank, Oracle, and MGX announced plans to form Stargate, a new company that will invest $500 billion in AI computing infrastructure across the United States over four years. The announcement came during a White House meeting with President Donald Trump, who called it the "largest AI infrastructure project in history."

Under the Trump administration, OpenAI and other members of the tech sector are making a push to establish AI dominance in the U.S.

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Stargate is little more than an extension of Sam Altman's powerful AI company, anonymous sources told the Financial Times.

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