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, SoftBank, and Oracle are heading as Trump seeks to announce wins quickly during the early days of his second administration.
“This monumental undertaking is a resounding declaration of confidence in America’s potential under a new president,” Trump said in remarks at the Roosevelt Room at the White House.
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The president was flanked by SoftBank CEO Masayoshi Son, OpenAI’s Sam Altman, and Oracle’s Larry Ellison, who all praised the partnership under the new administration.
Soon after the announcement, Trump took a slew of questions from the press for the second day in a
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