What Is Stargate? OpenAI, Oracle, Softbank, and President Trump Team Up for $500B AI Infrastructure Initiative. President Donald Trump said the project will add "over 100,000 American jobs almost immediately."
By Erin Davis
President Trump and the CEOs of OpenAI, Softbank, and Oracle announced a new $500 billion AI initiative called "Stargate," CBS first reported.
"Stargate will be building the physical and virtual infrastructure to power the next generation of advancements in AI," Trump said at the announcement. "And this will include the construction of colossal data centers."
The plan includes a $100 billion commitment beginning with a Stargate data center in Texas, then adding up to $500 billion over the next four years while expanding data centers to other states.
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OpenAI's Sam Altman, Oracle founder and CTO Larry Ellison, and SoftBank CEO Masayoshi Son were at the White House Tuesday afternoon to make the announcement.
"What we want to do is we want to keep it in this country," Trump said, adding that the project will add "over 100,000 American jobs almost immediately."
Oracle is one of the biggest data center operators in the U.S., per CNN.
Ellison said that about 20 data centers will be built, and each with span half a million square feet each.
Sam Altman has been vocal about the need to build more AI infrastructure and data centers in America.
"Infrastructure in the United States is super important, AI is a little bit different from other kinds of software in that it requires massive amounts of infrastructure, power, computer chips, data centers," Altman explained in an interview last month with Fox News Sunday. "We need to build that here and we need to be able to have the best AI infrastructure in the world to be able to lead with the technology and the capabilities."
This is a developing story and will be updated.
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