Report: SoftBank $100 billion Stargate investment stalled by tariff chaos
At a splashy announcement of the “Stargate” AI mega data center project at the White House the day after Inauguration Day, SoftBank CEO Masayoshi Son stood alongside OpenAI CEO Sam Altman and Oracle CTO and cofounder Larry Ellison.
Son turned to President Trump and said that his company would “immediately start deploying $100 billion with a goal of making $500 billion within the next four years.”
But Trump’s tariffs appear to have thrown a wrench in the works, and that money hasn’t materialized yet. Bloomberg is reporting that tariff uncertainty has prevented any Softbank financing from going forward. Last month, it was reported that SoftBank was seeking to borrow $16.5 billion to help pay for the project.
The report also said that fears of an oversupply of AI computing infrastructure may be “bogging down discussions.”
But Trump’s tariffs appear to have thrown a wrench in the works, and that money hasn’t materialized yet. Bloomberg is reporting that tariff uncertainty has prevented any Softbank financing from going forward. Last month, it was reported that SoftBank was seeking to borrow $16.5 billion to help pay for the project.
The report also said that fears of an oversupply of AI computing infrastructure may be “bogging down discussions.”
