Trump announces $500 B AI infrastructure project headed by Oracle, Softbank, and OpenAI
Together with President Trump, SoftBank Group Corp. chairman and CEO Masayoshi Son, OpenAI CEO Sam Altman, and Oracle CEO Larry Ellison unveiled The Stargate Project, a new business that plans to invest $500 billion over the next four years to construct new AI infrastructure in the US.
SoftBank, OpenAI, Oracle, and MGX are the original equity funders of Stargate. They will collaborate closely with technology partners Arm, Microsoft, NVIDIA, Oracle, and OpenAI to develop state-of-the-art AI capabilities, spur economic growth, and create a future fueled by opportunity and innovation, SoftBank said in a statement.
“The Stargate Project is a new company which intends to invest $500 billion over the next four years building new AI infrastructure for OpenAI in the United States. We will begin deploying $100 billion immediately. This infrastructure will secure American leadership in AI, create hundreds of thousands of American jobs, and generate massive economic benefit for the entire world,” SoftBank said.
According to the group, this project will not only help the United States re-industrialize but also give it a strategic capability to safeguard American and allied national security.
The original investors in Stargate are MGX, Oracle, OpenAI, and SoftBank. Stargate’s primary partners are SoftBank and OpenAI, with SoftBank handling financial matters and OpenAI handling operational ones. The chairman will be Masayoshi Son.
The primary initial technology partners are Arm, Microsoft, NVIDIA, Oracle, and OpenAI.
“The buildout is currently underway, starting in Texas, and we are evaluating potential sites across the country for more campuses as we finalize definitive agreements,” SoftBank added.
Oracle, NVIDIA, and OpenAI will work closely together to develop and run this computing system as part of Stargate. According to the statement, this expands on a close partnership between OpenAI and NVIDIA that dates back to 2016 as well as a more recent alliance between OpenAI and Oracle.
Additionally, this strengthens the current OpenAI collaboration with Microsoft. In order to train industry-leading models and provide excellent products and services, OpenAI will continue to expand its use of Azure as part of its ongoing collaboration with Microsoft.
“All of us look forward to continuing to build and develop AI–and in particular AGI–for the benefit of all of humanity. We believe that this new step is critical on the path, and will enable creative people to figure out how to use AI to elevate humanity,” the company added.
