A plan to build a system of data centers for artificial intelligence has been revealed in a White House press conference, with Masayoshi Son, Sam Altman, and Larry Ellison joining Donald Trump to announce The Stargate Project.

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President Trump unveiled the AI initiative on Tuesday alongside the executives of OpenAI, Oracle and Softbank.

SOFTBANK Group and OpenAI each plan to commit US$19 billion of capital to Stargate, the US$100 billion US artificial intelligence (AI) endeavour President Donald Trump unveiled this week, the Information reported.

Musk slammed a Trump-backed $500 billion AI joint venture building out OpenAI’s artificial general intelligence.

OpenAI says that it will team up with Japanese conglomerate SoftBank and with Oracle, along with others, to build multiple data centers for AI in the U.S. The joint venture, called The Stargate Project,

Shortly after his return to the White House, Donald Trump unveiled the multi-billion-dollar project dubbed The Stargate Project. the Stargate Project will invest $500 billion over the next four years building new AI infrastructure in the United States.

President Donald Trump plans to announce an enormous AI infrastructure investment in the US. CBS, NYT, and the Financial Times report that OpenAI, SoftBank, and Oracle aim to set up a joint venture called Stargate, with a plan to commit $100 billion at first and up to $500bn over the next four years.

President Donald Trump will announce a venture with OpenAI, Oracle and Softbank to invest billions of dollars in U.S. AI infrastructure, sources said.

If the pledge of $100 billion upfront and another $400 billion in the coming years is real, and if it is spread equally at $125 billion a year, that would be more than the combined global capex of Meta, Microsoft, and Google. Stargate is just US-focused and likely won't have a huge office budget.

Masayoshi Son founded SoftBank in 1981. It has invested millions in some of Silicon Valley's biggest tech companies.