Trump Announces $500 Billion 'Stargate' AI Venture with OpenAI, SoftBank, Oracle, Creating 100,000 Jobs

Jan 21, 2025, 10:41 PM

President Donald Trump announced a joint venture with OpenAI, SoftBank, and Oracle to invest up to $500 billion in building artificial intelligence (AI) infrastructure in the United States. The project, called Stargate, aims to deploy $100 billion immediately, with plans to invest up to $500 billion over the next four years, starting with data centers in Texas. The initiative is expected to create over 100,000 American jobs and is intended to secure U.S. leadership in AI technologies. Key figures involved include OpenAI CEO Sam Altman, SoftBank CEO Masayoshi Son, and Oracle Chairman Larry Ellison, who joined President Trump at the White House for the announcement. Masayoshi Son described the initiative as 'the beginning of the golden age.' Additional technology partners include Microsoft, NVIDIA, and ARM.