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Donald Trump is set to unveil billions of dollars in private investment in a massive new artificial intelligence infrastructure venture backed by OpenAI, SoftBank and Oracle.
The joint venture, named Stargate, is poised to receive an initial $100 billion cash injection from the tech giant, increasing to up to $500 billion over the next four years, two people familiar with the matter said. did.
Microsoft was also involved in the project as a technology partner, one of the people said Tuesday.
Stargate will be announced by the president at the White House on Tuesday afternoon, with SoftBank President Masayoshi Son, OpenAI chief Sam Altman and Oracle co-founder Larry Ellison in attendance.
The plan, first reported by CBS News, comes as technology industry executives try to curry favor with President Trump, who began his second term in the White House on Monday, surrounded by a number of industry heavyweights. It was announced on.
Stargate aims to increase the ability to train and run new AI models. The company plans to build a data center project first in Texas and then expand to other states, according to people briefed on the plan.
OpenAI declined to comment, while Microsoft, Oracle, and SoftBank did not respond to requests for comment. Other investors and technology partners were also expected to participate in the project.
The rapid development of AI systems over the past two years has expanded U.S. infrastructure, with data centers in particular emerging as a bottleneck. Cutting-edge models such as OpenAI’s ChatGPT, Google’s Gemini, and Anthropic’s Claude chatbot require vast amounts of data and computing power to train and run.
This has sparked discussions among AI executives, their commercial partners, and governments about upgrading the nation’s infrastructure.
Earlier this month, Hussein Sajwani, chairman of Dubai-based real estate developer Damac, announced in a meeting with President Trump at his Mar-a-Lago resort in Florida that he would invest at least $20 billion in U.S. data centers. announced plans to do so.
Leading figures in the AI field, including OpenAI’s Altman, argue that infrastructure improvements are essential to developing the next stage of AI models and competing with China for technological supremacy.
Altman said earlier this month that the Trump administration could boost domestic AI companies with “American-built infrastructure and a lot of that.”
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“One thing I deeply agree with the president is how difficult it has become to build things in the United States: power plants, data centers, things like that,” he said in an interview with Bloomberg. Ta.
In his inaugural address on Monday, President Trump promised that the United States was on the brink of a “thrilling new era of national success,” but he did not specifically mention AI technology.
President Trump last month called SoftBank’s separate commitment to invest $100 billion in the United States a “monumental demonstration of confidence in America’s future.” It was not clear whether the Stargate investment would form part of SoftBank’s previous commitments.
Additional reporting by Rafe Uddin and Alex Rogers
