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President Donald Trump announced a groundbreaking $500 billion AI infrastructure project called "Stargate" during a White House event. The joint venture involves OpenAI, Oracle, and SoftBank, with initial plans to invest $100 billion immediately.

Key Details

  • Stargate aims to build AI infrastructure across the United States
  • Initial data centers will be constructed in Texas
  • The project is expected to generate over 100,000 jobs
  • Additional tech companies like Microsoft, Arm, and NVIDIA are collaborating

Leadership and Investment

  • Sam Altman (OpenAI CEO) will manage operations
  • Masayoshi Son (SoftBank) will chair the project
  • Larry Ellison (Oracle) is also a key participant
  • MGX, a UAE-backed investor, is part of the initial equity funding
Trump described the initiative as a "resounding declaration of confidence in America's potential", positioning it as a strategic move to secure U.S. leadership in artificial intelligence technology
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