Trump announced that three companies will invest $500 billion to build AI infrastructure

On Tuesday, 21st, Eastern Time, at a White House event that evening, Trump announced that OpenAI, SoftBank and Oracle will form a joint venture to jointly invest heavily in AI infrastructure. The companies will initially invest $100 billion, and plan to increase their investment to as much as $500 billion in the next few years, which is expected to create 100,000 jobs in the United States.

OpenAI also announced that the new company is called Stargate, and intends to invest $500 billion in the next four years to build a new AI infrastructure for OpenAI in the United States. Initial equity investors include SoftBank, OpenAI, Oracle and MGX. Arm, Microsoft, Nvidia, Oracle and OpenAI are the main initial technical partners. The company's project is currently under construction, starting with Texas. It is reported that Stargate-related .com and .top domain names have been registered.

Consistent with media reports earlier on Tuesday, SoftBank CEO Masayoshi Son, OpenAI CEO Altman and Oracle CEO Ellison attended the White House event with Trump.

Masayoshi Son said on the spot that the joint venture will "immediately" invest $100 billion, with the goal of increasing investment in AI projects to "at least" $500 billion, including data centers and physical campuses. Altman called Stargate "the most important project of this era." Ellison said that Stargate's first data center project covers an area of 1 million square feet, and the first 10 data centers have been started in Texas. Stargate's project is also related to digital health records, and may make it easier to treat diseases such as cancer by developing customized vaccines. It is understood that Stargate's expansion of infrastructure will begin in Texas, and the companies are evaluating potential locations for more campuses across the country. Oracle, Nvidia and OpenAI will work together to build and operate the entire computing system. OpenAI and Nvidia have had in-depth cooperation as early as 2016. Stargate's business development will also be built on OpenAI's existing partnership with Microsoft.

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