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

President Donald Trump announced an A.I. initiative called Stargate. During a press conference at the White House attended by SoftBank (SFTBF) CEO Masayoshi Son and Oracle founder Larry Ellison, the returning President told reporters the initiative will invest $500 billion—equivalent to almost 2 percent of the annual U.

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

Working alongside companies such as OpenAI and Softbank, Trump's new Stargate project aims to herald the "golden age" of AI.

A mong the biggest market drivers over the past couple of years have been the developments in the artificial intelligence (AI) industry. In simplest terms, AI's advanced algorithm

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