Announcing The Stargate Project The Stargate Project is a new company which intends to invest $500 billion over the next four years building new AI infrastructure for OpenAI in the United States. We will begin deploying $100 billion immediately. This infrastructure will secure American leadership in AI, create hundreds of thousands of American jobs, and generate massive economic benefit for the entire world. 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. Arm, Microsoft, NVIDIA, Oracle, and OpenAI are the key initial technology partners. The buildout is currently underway, starting in Texas, and we are evaluating potential sites across the country for more campuses as we finalize definitive agreements. As part of Stargate, Oracle, NVIDIA, and OpenAI will closely collaborate to build and operate this computing system. This builds on a deep collaboration between OpenAI and NVIDIA going back to 2016 and a newer partnership between OpenAI and Oracle. This also builds on the existing OpenAI partnership with Microsoft. OpenAI will continue to increase its consumption of Azure as OpenAI continues its work with Microsoft with this additional compute to train leading models and deliver great products and services. All of us look forward to continuing to build and develop AI—and in particular AGI—for the benefit of all of humanity. We believe that this new step is critical on the path, and will enable creative people to figure out how to use AI to elevate humanity.

AI is transforming how companies are built from the ground up. At "The New OS" (Feb 6 at @USV) 6 founders will demo the home built systems powering their organizations. Have you built novel AI infrastructure for your company? We're hosting an open call for the final spots.

The Deep Tech Opportunity Far from permanently redefining venture capital, the software moment of the last thirty years– where lean software startups could iterate their way to product-market fit and produce outlier returns– might be remembered as an anomaly. In the below essay, I argue the future of venture capital might look more like a return to its past of investing in technically differentiated products that push new frontiers, albeit with the benefit of the software tools we've developed. If you're building this deep tech future, I would love to discuss with you

"punk bio"

We (@usv) keep coming back to 2 axes that seem to determine outcomes in this highly uncertain, very exciting, and quickly evolving AI-fueled tectonic shift: rate of advancement & openness of frontier models. These axes create 4 possible views of the future, each with different implications around what types of approaches, projects, and businesses are most advantaged in each. This framework has helped shape some of our thinking so we wrote it up. (Blog post below)