On Tuesday, OpenAI, SoftBank, Oracle, and MGX announced plans to form Stargate, a new company that will invest $500 billion in AI computing infrastructure across the United States over four years. The announcement came during a White House meeting with President Donald Trump, who called it the "largest AI infrastructure project in history."

Stargate, the joint venture by OpenAI, SoftBank and Oracle to develop data centers for artificial intelligence in the U.S., will exclusively serve ChatGPT maker OpenAI, the Financial Times reported on Thursday.

OpenAI announced a new joint venture named The Stargate Project which aims to build a number of data centers for AI in the U.S.

Trump announced a $500 billion joint venture between OpenAI, Softbank, MGX and Oracle to build new datacenters to power the next wave of AI.

The $500 billion Stargate project is projected to create hundreds of thousands of jobs. Here's what's known so far.

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