Trump was joined by SoftBank Group Corp.’s Masayoshi Son, OpenAI’s Sam Altman and Oracle Corp.’s Larry Ellison at the White House to announce the venture, dubbed Stargate, which they said would deploy $100 billion immediately with the goal of eventually spending $500 billion for the construction of data centers and physical campuses.

Former White House chief strategist Steve Bannon tore into Elon Musk on Wednesday over Musk's criticism of President Donald Trump's Stargate project.Newsweek reached out to SpaceX via email Wednesday for comment from Musk.

Mr. Trump had claimed the A.I. announcement as an early trophy, taking credit for the companies’ decision to spend up to $500 billion building data centers.

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President Donald Trump has announced billions of dollars in private sector investment to help bolster artificial intelligence infrastructure in the U.S.

President Donald Trump on Tuesday announced Stargate, a new entity that plans to invest $500 billion in artificial intelligence infrastructure with the goal of making advancements in industries like health care and positioning the U.S. as the leader in AI.

Trump scraps Biden executive orders on technology and artificial intelligence, but has brought Silicon Valley leaders into his close orbit.

Stocks are approaching records in the first couple of days of Trump's presidency, with more pronounced moves in specific corners of the market this week.

Explore the pros and cons of the first round of technology developments from President Trump's first week in office. What impact will his bold tech moves have?

Elon Musk openly questioned whether companies that joined President Donald Trump’s announcement promising hundreds of billions of dollars in artificial intelligence infrastructure could follow through on their promises,

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