President Donald Trump has unveiled a joint venture named “Stargate”, a collaboration between OpenAI, SoftBank, and Oracle to invest at least $100 billion in computing infrastructure for artificial intelligence (AI).
The initiative is poised to revolutionize AI capabilities in the U.S., with potential investments scaling up to $500 billion over four years.
The Stargate venture will focus on constructing massive data centers facilities that house servers to provide the computational power needed for AI advancements. The project will commence with 10 data centers already under construction in Texas.
“This monumental undertaking is a resounding declaration of confidence in America’s potential,” President Trump stated.
The joint venture aligns with President Trump’s promise to accelerate the development of American-made AI technologies to compete with China’s advancements in the field.
It will be funded initially by OpenAI, SoftBank, and Oracle, and will also welcome other…
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