Posted 4/4/2024, 9:57:52 AM
Microsoft and OpenAI Team Up on $100B+ Next-Gen AI Supercomputer
- Microsoft and OpenAI plan to invest $100B-$115B in a new supercomputer called Stargate to power generative AI applications
- Stargate could be 100x more expensive than current data centers and may go online in 2028
- Arm Holdings designs chips that are used in over 70% of smartphones and 50% of CPUs globally
- Microsoft uses Arm designs for its Azure Cobalt chip to power AI workloads, and may use more for Stargate
- Arm's revenue and earnings could surge from demand for its AI chips, making it a good stock to buy for the AI boom