A plan to build a system of data centers for artificial intelligence has been revealed in a White House press conference, with Masayoshi Son, Sam Altman, and Larry Ellison joining Donald Trump to announce The Stargate Project.
President Donald Trump talked up a joint venture investing up to $500 billion for infrastructure tied to AI by a new partnership formed by OpenAI, Oracle and SoftBank.
OpenAI, SoftBank, Oracle, and President Trump unveil a $500 billion dubbed Stargate project to build massive data centers for AI advances in the United States.
President Trump unveiled the AI initiative on Tuesday alongside the executives of OpenAI, Oracle and Softbank.
The initiative announced by President Donald Trump will aim to "secure American leadership in AI" while also creating jobs and economic benefit.
OpenAI says that it will team up with Japanese conglomerate SoftBank and with Oracle, along with others, to build multiple data centers for AI in the U.S. The joint venture, called The Stargate Project,
Musk slammed a Trump-backed $500 billion AI joint venture building out OpenAI’s artificial general intelligence.
The investment brings together an alliance of tech giants. While SoftBank and OpenAI are lead partners—with SoftBank handling financials and OpenAI managing operations—Oracle and MGX have also joined as equity funders.
Some of the biggest names in technology have clashed after President Donald Trump unveiled his $500 billion private AI investment project. Earlier this week, Trump announced a joint venture with OpenAI,
Masayoshi Son founded SoftBank in 1981. It has invested millions in some of Silicon Valley's biggest tech companies.