01/22/2025

Trump to Announce Newly Formed Partnership Investing $500 Billion in AI

The partnership involves OpenAI, Oracle and SoftBank

President Donald Trump is announcing investments worth up to $500 billion for infrastructure tied to artificial intelligence by a new partnership formed by OpenAI, Oracle and SoftBank.

The new entity, Stargate, will start building out projects needed for the further development of the fast-evolving AI in Texas, according to the White House.

Joining Trump for the announcement fresh off his inauguration will be Masayoshi Son of SoftBank, Sam Altman of OpenAI and Larry Ellison of Oracle. Son, a billionaire based in Japan, already committed in December to invest $100 billion in U.S. projects over the next four years. The head of SoftBank previously committed to $50 billion in new investments ahead of Trump's first term, which included a large stake in the troubled office-sharing company WeWork.

Please select this link to read the complete article from The Associated Press.