Trump Announces $100 Billion AI Infrastructure Investment with OpenAI, SoftBank, Oracle
Trump Announces $100 Billion AI Infrastructure Investment with OpenAI, SoftBank, Oracle

Trump Announces $100 Billion AI Infrastructure Investment with OpenAI, SoftBank, Oracle

News summary

President Donald Trump is set to announce a substantial investment initiative in artificial intelligence infrastructure, involving a joint venture named Stargate with OpenAI, SoftBank, and Oracle. The announcement, taking place at the White House, is expected to detail an initial commitment of $100 billion, which could grow to $500 billion over four years. Key executives, including SoftBank's Masayoshi Son, OpenAI's Sam Altman, and Oracle's Larry Ellison, will participate in the unveiling. The initiative aims to address the increasing demand for AI data centers, with plans for hosting the Stargate AI supercomputer by 2028. This investment builds on SoftBank's previous $100 billion AI commitment made during a visit to Trump's Mar-a-Lago resort in December. Details on whether the new investment will add to SoftBank's earlier pledge are still unclear.

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