genai / news / / The Telegraph
Kanishka Narayan, the AI minister, said ChatGPT developer dropped out of project.
Labour minister Kanishka Narayan claims OpenAI's financial challenges, not UK energy costs, halted Stargate UK.
KEY POINTS
- Narayan stated there has been no recent change to UK energy pricing or regulatory conditions.
- OpenAI has also cancelled data centre expansion plans in Texas and withdrew from a Norway project.
- Despite recent $122bn funding, OpenAI's $14bn annual burn forced cuts to projects like Sora and Stargate.
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