Trump Unveils $500 Billion AI Project with OpenAI, SoftBank, Oracle to Create 100,000 Jobs

Jan 21, 2025, 08:39 PM

President Donald Trump is set to announce a private sector investment in artificial intelligence infrastructure in the United States, marking the largest AI infrastructure project in U.S. history. 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 to build AI infrastructure, starting with data centers in Texas. The project is expected to create over 100,000 American jobs almost immediately. Key figures such as SoftBank CEO Masayoshi Son, OpenAI's Sam Altman, and Oracle's Larry Ellison are expected to attend the announcement at the White House.