The announcement of the Stargate Project, by the White House, caused a furor of reporting. Most ran with the headline $500 billion figure, and presented it as state investment. Many jumped on Elon Musk’s jabs from the sidelines, but nearly all fell into the trap of presenting this as a win for the AI industry as a whole. Instead, it is actually a minimum commitment of $100 billion, from a consortium of private companies, which will create a company called ‘The Stargate Project,’ which will fund infrastructure construction in the USA for the sole use of OpenAI. The full amounts committed have not been revealed, with bitter rival Musk claiming that only $10 billion had been secured at the time…