#AI infrastructure investment

Stargate has been announced by President Donald Trump, calling it the largest AI infrastructure project in history. As per Trump, Stargate is positioned to grow the United States’ artificial intelligence (AI) infrastructure through data centers. As for SoftBank, the company has deep enough pockets to fund the expansion of AI infrastructure in the country. The investment round includes existing investors Sony Group Corporation and KIRKBI—the family-owned holding and investment company behind The LEGO Group—with each investing USD 1 billion. “This investment will accelerate our engagement in the world of digital play, and we are pleased to be investing in Epic Games to support their continued growth journey, with a long-term focus toward the future metaverse,” said KIRKBI CEO Søren Thorup Sørensen. Epic has a post-money equity valuation of USD 31.5 billion and the closing of the investment is subject to customary closing conditions, including regulatory approvals. Notable developments include an Intel investment, which not only injected funding but also gave the team the necessary technical knowledge to evolve their craft further; as well as a partnership with RDA Microelectronics, a company specializing in wireless chips. Read more in our articles including "Stargate announced as a $500 billion AI infrastructure investment" and "Sony, KIRKBI invest USD 2B in Epic Games".