Trump Unveils $500 Billion AI Initiative 'Stargate' in Partnership with OpenAI, Softbank, and Oracle

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Summary

OpenAI and Softbank are starting a $500 billion AI data center company

Separately, Microsoft announced an update to its partnership with OpenAI, saying that the key elements of their deal remain in place through 2030, covering “our access to OpenAI’s IP, our revenue sharing arrangements and our exclusivity on OpenAI’s APIs all continuing forward.”

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The Verge

Trump announces $500B AI investment alongside OpenAI, Softbank, and Oracle

Donald Trump announced a massive private investment in artificial intelligence infrastructure worth some $500 billion Tuesday. The announcement, first reported by CBS News, was made alongside the CEOs of ChatGPT maker OpenAI, Japanese tech investment firm Softbank, and data-center giant Oracle.

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Semafor

Trump Announces $500 Billion ‘Stargate’ Project To Make U.S. Lead The World In AI Development

“What we want to do is we want to keep it in this country,” the president said of leading AI talent and development. “China is a competitor, others are competitors. We want to be in this country, and we’re making it available. I’m gonna help a lot through emergency declarations, because we have an emergency, we have to get this stuff built.” “They have to produce a lot of electricity,” he continued. “And we’ll make it possible for them to get this production done easily, at their own plants if they want.”

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The Daily Wire

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News Results

And Now Trump Says He Has a $500 Billion AI Cure for Cancer

The president called in OpenAI chief Sam Altman to explain how it works. Got a tip? Send it to The Daily Beast here. Chief National Correspondent David Gardner is on the desk of CNN's John Defterios in Washington, D.C. For more from the Daily Beast, click here.

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6h ago

Trump announces $500B AI infrastructure project — with biz titans saying it can cure cancer

OpenAI, Softbank and Oracle launched the project, called Stargate, to unleash the new technology with the help of large data centers based in Texas. Trump: “We will see diseases get cured at an unprecedented rate. We will be amazed at how quickly we’re curing this cancer and that one — and heart disease.”

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6h ago

Trump announces largest AI infrastructure project 'in history' involving Softbank, OpenAI and Oracle

Trump touts joint venture between Softbank, OpenAI and Oracle worth $500 billion. Initial investment for the project will be $100 billion, with plans to expand to $500billion over the next four years. The first data center built under the initiative will be in Texas, and it will eventually expand to other states.

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6h ago

OpenAI teams up with SoftBank and Oracle on $500B data center project

The Stargate Project will build a data center in Texas. The project will cost $100 billion over the next four years. It will be the first of its kind in the U.S. and will be open to the public, the company says. The Stargate project will be funded by Google, Facebook, Microsoft and others.

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6h ago

Trump Taps OpenAI, Oracle for $500 Billion 'Stargate' AI Infrastructure Project

U.S. President Donald Trump is set to announce a new artificial intelligence program on Tuesday. The program will see the United States team up with OpenAI, Oracle, and SoftBank. The three companies will initially invest $100 billion combined. The figure could reach up to $500 billion by the end of Trump's second term in office.

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6h ago

Oracle, Nvidia, other Big Tech stocks jump as Trump touts Stargate AI initiative

President Trump announced a major AI infrastructure investment of “at least $500 billion,” signaling a willingness to work alongside large tech companies.

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6h ago

Trump Announces Stargate: Texas-Based Investment Combines AI Heavyweights

Stargate would invest up to $500 billion over the next four years in AI infrastructure. The initial investment is expected to be $100 billion and could reach five times that sum. SoftBank Group CEO Masayoshi Son had previously pledged to invest $50 billion in new investments.

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6h ago

Trump announces private-sector $500 billion investment in AI infrastructure

U.S. President Donald Trump on Tuesday announced a private sector investment of up to $500 billion to fund infrastructure for artificial intelligence, aiming to outpace rival nations in the business-critical technology.

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10h ago

Trump highlights partnership investing $500 billion in AI

President Donald Trump is talking up a joint venture investing up to $500 billion for infrastructure tied to artificial intelligence by a new partnership formed by OpenAI, Oracle and SoftBank.

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10h ago

Trump will announce a $500 billion AI infrastructure investment in the US

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6h ago

Oracle Stock Surges Ahead Of $500 Billion ‘Stargate’ OpenAI-Trump Deal

Oracle stock was the most notable winner from the stock market's first day of trading during President Donald Trump's second term. The cloud computing and data storage giant will announce a massive artificial intelligence infrastructure partnership at the White House later Tuesday. The project, which was confirmed by several outlets, will include $100 billion of investment in U.S. infrastructure.

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6h ago

AI executives praise Trump's Stargate project: 'This is a very large investment that affects all of humanity'

Oracle founder Larry Ellison: "This is a very large investment that affects all of humanity" Softbank, OpenAI and Oracle have joined forces for a project called Stargate to build data centers in the U.S. for powering AI. Trump announced the project on the first full day of his second term in office.

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6h ago