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> This project will not only support the re-industrialization of the United States but also provide a strategic capability to protect the national security of A
by jofzar 2y ago
> This project will not only support the re-industrialization of the United States but also provide a strategic capability to protect the national security of America and its allies.
> The initial equity funders in Stargate are SoftBank, OpenAI, Oracle, and MGX. SoftBank and OpenAI are the lead partners for Stargate, with SoftBank having financial responsibility and OpenAI having operational responsibility. Masayoshi Son will be the chairman.
I'm sorry, has SoftBank suddenly become an American company? I feel like I'm taking crazy pills reading this.
Edit: MGX is Saudi company? This is baffling....
https://www.mgx.ae/en https://www.mgx.ae/en
- 9283409232 2y agoSoftBank having financial responsibility is insane. This is just a way to funnel money into people Trump owes.
- jofzar 2y agoI don't get it, if this was government/American funded I could understand the marketing as "USA" secured infrastructure but like it's not?
- deleted 2y ago[deleted]
- redeux 2y agoWell the Saudis are one of the president’s “personal shareholders” so I think that qualifies them as an American company now.
- OutOfHere 2y agoI think the death of Suchir Balaji makes more sense now. AE wouldn't mess around with its investments.
- mrg3_2013 2y agoThis.
- adolph 2y agoJapan companies were a threat just a couple weeks ago. There is credible evidence that leads me to believe that (1) Nippon Steel Corporation, a corporation organized under the laws of Japan . . . might take action that threatens to impair the national security of the United States; https://bidenwhitehouse.archives.gov/briefing-room/presidential-actions/2025/01/03/order-regarding-the-proposed-acquisition-of-united-states-steel-corporation-by-nippon-steel-corporation/ https://bidenwhitehouse.archives.gov/briefing-room/president...
- pkaye 2y agoJapan has the same concerns about 7 Eleven being purchased by a Canadian company though I think the deal was rejected. https://www.reuters.com/markets/deals/japans-seven-i-deal-related-national-security-economy-minister-says-2025-01-08/ https://www.reuters.com/markets/deals/japans-seven-i-deal-re...
- daemonologist 2y agoMGX seems to be in Abu Dhabi/UAE rather than Saudi Arabia. Hadn't heard of it before.
- signatoremo 2y agoIt’s an investment in the US. Why does it matter if SoftBank is not an American company? Also, SoftBank is an investment fund. A lot of its money came from American investors.
- Havoc 2y agoThe fund is run out of the US. Parent co is in Japan