Trump announces AI infrastructure investment backed by Oracle, OpenAI and Softbank
In order to spend billions of dollars in AI infrastructure in the US, President Donald Trump announced on Tuesday a joint venture with OpenAI, Oraclean, and Softbank.
Trump, Softbank CEO Masayoshi Son, OpenAI CEO Sam Altman, and Oracle co-founder Larry Ellison presented the initiative, which was named Stargate, at the White House.
The project will be established as a distinct firm, and the CEOs pledged to invest an initial $100 billion and up to $500 billion over the following four years.
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