alt Hacker News> 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....
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MGX seems to be in Abu Dhabi/UAE rather than Saudi Arabia. Hadn't heard of it before.
Japan 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/president...
It’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.
I think the death of Suchir Balaji makes more sense now. AE wouldn't mess around with its investments.
The fund is run out of the US. Parent co is in Japan
SoftBank having financial responsibility is insane. This is just a way to funnel money into people Trump owes.
Well the Saudis are one of the president’s “personal shareholders” so I think that qualifies them as an American company now.