Analysts aren\u2019t surprised at the news. \u201cBig IT projects have a long history of dramatically overpromising and it appears that trend is quickly moving into the world of AI data center-based projects as well. The Stargate project, in particular, also seems to have more of a political bent to it than many other projects so that\u2019s likely complicating matters as well,\u201d said Bob O\u2019Donnell, president and chief analyst with TECHnalysis Research.<\/p>\n
\u201cThere\u2019s little doubt we will see massive investments by many different organizations to build out AI infrastructure here in the US, but I\u2019m not convinced that individual projects will end up mattering that much in the long run,\u201d he added.<\/p>\n
\u201cI have always been skeptical about the huge number that was projected. In the hundreds of billions,\u201d said Patrick Moorhead, CEO & chief analyst with Moor Insights & Strategy. \u201cThe only problem was that only a few billion in new funding was raised. And now there\u2019s strife between OpenAI and SoftBank. To be fair, Oracle is part of Stargate now and OpenAI will soak up many GPUs in the Texas facility, but this was already in process when the Stargate announcement happened.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"Analysts aren\u2019t surprised at the news. \u201cBig IT projects have a long history of dramatically overpromising and it…\n","protected":false},"author":2,"featured_media":21774,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[21],"tags":[64,63,257,105],"class_list":{"0":"post-21773","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-computing","8":"tag-au","9":"tag-australia","10":"tag-computing","11":"tag-technology"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/21773","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/comments?post=21773"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/21773\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media\/21774"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media?parent=21773"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/categories?post=21773"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/tags?post=21773"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}