SoftBank Group Corp. said it’s taking longer than anticipated to get Stargate off the ground, conceding for the first time that the $500 billion artificial intelligence tie-up in the US with OpenAI is bogging down.

SoftBank Group (OTCPK:SFTBY) (OTCPK:SFTBF) is the buyer taking ownership of Foxconn Technology's (OTCPK:FXCOF) electric vehicle plant in Ohio, a move intended to jump-start the company’s $500B Stargate data center project with OpenAI and Oracle (NYSE:ORCL),

Foxconn spent years promising electric vehicles would be built at the former Chevy Cruze factory. Now it will make AI servers.