A lending consortium involving Mizuho, JPMorgan Chase, Goldman Sachs, and others is backing a Stargate data center venture with Oracle, while SoftBank seeks a loan from Goldman Sachs.
6 reports, 1 independent
Updated Jul 2
Gone quiet
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What happened
A lending consortium involving Mizuho, JPMorgan Chase, Goldman Sachs, and others is backing a Stargate data center venture with Oracle, while SoftBank seeks a loan from Goldman Sachs.
Who's involved
What this event is mainly aboutKeep exploring
The entities involved
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Mizuho Financial Group
Japanese holding company
Nothing else this week.
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OpenAI
American artificial intelligence research organization
- Leaders call for international cooperation on AI risks, tech leaders call for oversight, and the CMA proposes stricter search engine choice requirements.
- Experts, including Dario Amodei at Cornell University, warned about the power and limits of AI, specifically citing risks of AI taking control of the internet.
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Goldman Sachs
American investment bank
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Oracle
company in Madrid, Spain
Related events
- Mizuho Bank is identified as the banking unit of the larger Mizuho Financial Group.
- SoftBank Group holds a stake in OpenAI and is involved in potential IPO funding options, supported by financial research.
- SoftBank raised funds for OpenAI investment, and Fitch subsequently rated SoftBank's increased leverage.
- Donald Trump unveiled a new AI venture with OpenAI and Oracle to build Stargate AI infrastructure in southern New Mexico.
- A proposal for a new independent AI regulator structure, modeled after FINRA, is being developed involving major AI companies like OpenAI and Anthropic.