Trump to Announce $500 Billion AI Venture 'Stargate' with OpenAI, SoftBank, Oracle; Investment Begins in Texas

Jan 21, 2025, 05:50 PM

President Trump is set to announce 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, aiming to invest $100 billion initially and up to $500 billion over the next four years. The investment will begin with the construction of data centers in Texas to supercharge American artificial intelligence. Executives from the companies, including SoftBank CEO Masayoshi Son, OpenAI's Sam Altman, and Oracle's Larry Ellison, are expected to visit the White House this afternoon. President Trump is scheduled to speak at 4 pm.