Trump announces Stargate, a $500 billion AI initiative with OpenAI, Oracle, and Softbank
Tuesday marks President Donald Trump's first full day in office and similar to Inauguration Day, the president and his team are moving quickly to make change.
Trump addressed the press from the White House revealing his expected "massive announcement" on infrastructure as a multi-billion-dollar artificial intelligence investment in the United States.
The president shared that OpenAI, Softbank, and Oracle will come together to create "a new American company" called Stargate, investing $500 billion in AI infrastructure. Trump said Stargate will create over 100,000 jobs "almost immediately" and the companies will begin with $100 billion in investments.
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