President Donald Trump announced on Tuesday a private-sector investment of at least $500 billion in artificial intelligence infrastructure that will create over 100,000 U.S. jobs. Stargate is the jointly owned venture that OpenAI,

President Trump hosted executives from Softbank, OpenAI and Oracle at the White House Tuesday to announce “Stargate,” a $500BN private-sector plan to build new AI data centers.

Trump said the private sector joint venture will build data centers and create more than 100,000 jobs in the United States.

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.

Oracle, OpenAI, and SoftBank are reportedly set to announce a landmark partnership with the White House to invest up to $500 billion in artificial intelligence (AI) infrastructure across the United States.

Microsoft, one of the OpenAI's major backers, said earlier this month it was on track to invest $80bn to build out AI-powered data centres this year. It is also involved in a $100bn venture that includes BackRock and is focused on making AI data centre investments.

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 Trump on Tuesday announced a joint venture to fund artificial intelligence infrastructure worth billions of dollars with the leaders of Softbank Group Corp., OpenAI LLC, and Oracle Corp., an effort aimed at speeding development of the emerging technology.

President Donald Trump announced a joint venture Tuesday with OpenAI, Oracle and SoftBank to invest billions of dollars in AI infrastructure in the United States.

OpenAI has announced that it's teaming up with Softbank and Oracle on $100 billion data center project in the U.S.

Named the Stargate Project, this ambitious endeavor involves a collaboration between OpenAI, SoftBank, and Oracle. With an initial commitment of $100 billion, the project aims to scale up to $500 billion within four years.