Trump to Announce Major AI Investment with OpenAI, SoftBank, and Oracle
Brief news summary
President Trump is poised to unveil significant private sector investments aimed at constructing artificial intelligence infrastructure in the U.S., as reported by CBS News. A joint venture by OpenAI, Softbank, and Oracle, named Stargate, is in the works, with key figures from the companies, including SoftBank CEO Masayoshi Son, OpenAI’s Sam Altman, and Oracle’s Larry Ellison, scheduled to attend a White House meeting on Tuesday afternoon. Initial commitments for Stargate are expected to reach $100 billion, with a potential total investment of up to $500 billion over the next four years. While specific details of the partnership are yet to be disclosed, it has been noted that Stargate will initiate a data center project in Texas before expanding to additional states. Other investors are likely to be recruited for this venture, though their identities have not yet been revealed. Spokespeople for SoftBank and OpenAI have not provided further comments on the matter.President Trump is poised to announce a significant private sector investment aimed at developing artificial intelligence infrastructure in the United States, according to CBS News. Sources indicate that OpenAI, SoftBank, and Oracle are collaborating on a joint venture named Stargate. SoftBank's CEO, Masayoshi Son, is anticipated to be at the White House on Tuesday afternoon, accompanied by Sam Altman from OpenAI and Larry Ellison of Oracle. The companies are expected to reveal plans to initially invest $100 billion and potentially raise that amount to $500 billion for Stargate over the next four years.
Further details regarding the partnership remain undisclosed. Spokespersons for both SoftBank and OpenAI have refrained from providing comments. Reports suggest that Stargate will kick off with a data center project in Texas, with plans to later extend to additional states. Other investors are likely to participate, although their identities are not yet known.
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Trump to Announce Major AI Investment with OpenAI, SoftBank, and Oracle
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