President Donald Trump is reportedly preparing to unveil private sector investments amounting to as much as $500 billion in artificial intelligence infrastructure. This investment will originate from OpenAI, SoftBank, and Oracle, who are intending to establish a joint venture named Stargate, according to CBS's report on Tuesday, January 21. Executives from these three companies—OpenAI CEO Sam Altman, SoftBank CEO Masayoshi Son, and Oracle Chairman and CTO Larry Ellison—are anticipated to be at the White House on Tuesday afternoon to announce the initiative, as per the report. Initially, the companies are expected to commit $100 billion, ultimately totaling up to $500 billion over the next four years, the report states. Stargate’s inaugural project will involve a data center in Texas, with plans for further developments in other states to follow. Trump is expected to relax or eliminate the AI regulations set by the previous administration, as reported by PYMNTS on January 20. His appointee for America’s cryptocurrency and AI czar, David Sacks, founder of Craft Ventures and a member of the "PayPal Mafia, " is recognized for his technology-friendly stance and his skepticism toward government regulation. On January 13, OpenAI published its “economic blueprint” for AI, asserting that the United States must maintain its leadership in the field. “While some nations dismiss AI and its economic prospects, the U. S.

government can facilitate the AI industry’s progress to ensure the country's continued global leadership in innovation while safeguarding national security, ” wrote Chris Lehane, OpenAI’s VP of global affairs, in the document’s introduction. In November, Altman noted that a lack of computing capacity was slowing down OpenAI’s product deployments. “All of these models have become rather complex, ” Altman remarked during a Reddit Ask Me Anything (AMA) session when inquired about the delays in the rollout of the company’s next AI models. “We also encounter numerous limitations and must make difficult choices regarding how we allocate computing resources towards many promising ideas. ” On January 7, Amazon Web Services (AWS) announced plans to invest at least $11 billion in Georgia to enhance infrastructure that supports cloud computing and AI technologies.