President Trump made a significant announcement on his first full day in office, unveiling a $500 billion investment in artificial intelligence (AI) infrastructure. The initiative, dubbed 'Stargate,' will see OpenAI, SoftBank, and Oracle collaborate to create a new American company focused on AI development. Trump stated that Stargate will generate over 100,000 jobs and the initial investment will be $100 billion. This move aims to solidify America's position at the forefront of AI innovation, competing with China in the global AI race.
President Donald Trump , left, and first lady Melania Trump attend the national prayer service at the Washington National Cathedral, Tuesday, Jan. 21, 2025, in Washington. first full day in office and similar to Inauguration Day, the president and his team are moving quickly to make change.
The president shared that OpenAI, Softbank and Oracle will come together to create "a new American company" called Stargate, investing $500 billion in AI infrastructure. Trump said Stargate will create over 100,000 jobs "almost immediately" and the companies will begin with $100 billion in investments.
Trump said Stargate will be “building the physical and virtual infrastructure to power the next generation of AI."
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