President Trump announced a joint venture called Stargate involving OpenAI, Softbank, and Oracle to build AI infrastructure in the United States. The project aims to invest $500 billion over four years and create over 100,000 jobs. Executives stated that the venture will address healthcare challenges and keep AI development within the US.
President Trump announced Tuesday billions of dollars in private sector investment to build artificial intelligence infrastructure in the United States. OpenAI, Softbank and Oracle are planning a joint venture called Stargate, Trump said in a White House briefing. SoftBank CEO Masayoshi Son joined Trump for the announcement, along with Sam Altman of OpenAI and Larry Ellison of Oracle.'What we want to do is we want to keep it in this country,' Trump said.
'Executives from the companies are expected to commit $500 billion into Stargate over the next four years. Details of the new partnership were not immediately provided. In the briefing, Ellison said 10 data centers for the project were already under construction in Texas, and that more were planned. Sources previously told CBS News that Stargate would start with a data center project in Texas, and eventually expand to other states.
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