Trump Unveils $500 Billion Stargate AI Project with OpenAI, SoftBank, Oracle, Creating 100,000 U.S. Jobs

Jan 21, 2025, 10:41 PM

President Donald Trump announced the formation of Stargate, a joint venture involving OpenAI, SoftBank, and Oracle, to invest at least $500 billion over the next four years in artificial intelligence infrastructure in the United States. The companies will begin deploying $100 billion immediately, starting with the construction of colossal data centers in Texas. The initiative aims to secure U.S. leadership in AI, create over 100,000 American jobs almost immediately, and stimulate economic growth. CEOs Sam Altman of OpenAI, Larry Ellison of Oracle, and Masayoshi Son of SoftBank joined President Trump at the White House for the announcement.