President Trump announced a new $500 billion investment in AI infrastructure by a partnership formed by OpenAI, Oracle, and SoftBank. The venture, Stargate, will build data centers and power generation facilities in Texas, starting with a $100 billion initial investment. Trump hailed the initiative as a “resounding declaration of confidence in America’s potential.”
President Donald Trump , from left, speaks as Masayoshi Son, SoftBank Group CEO, Larry Ellison, chairman of Oracle Corporation and chief technology officer, and Sam Altman, OpenAI CEO listen in the Roosevelt Room at the White House, Tuesday, Jan. 21, 2025, in Washington. WASHINGTON — President Donald Trump on Tuesday talked up a joint venture investing up to $500 billion for infrastructure tied to artificial intelligence by a new partnership formed by OpenAI, Oracle and SoftBank.
“This is the beginning of golden age,” said Son, referencing Trump’s inaugural speech statement that the U.S. would be in a “golden age” with him back in the White House.Son, a billionaire based in Japan, already committed in December to invest $100 billion in U.S. projects over the next four years. He previously committed to $50 billion in new investments ahead of Trump’s first term, which included a large stake in the troubled office-sharing company WeWork.
OpenAI wrote in a letter to the Biden administration’s Commerce Department last fall that planning and permitting for such projects “can be lengthy and complex, particularly for energy infrastructure.”Other partners in the project include Microsoft, investor MGX and the chipmakers Arm and NVIDIA, according to separate statements by Oracle and OpenAI.
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