SoftBank, OpenAI, and Oracle are launching a $100 billion joint venture to enhance AI infrastructure, with plans to escalate investment to $500 billion. The initiative, supported by President Donald Trump,

The project, which will be financially led by SoftBank and operationally by OpenAI, will see an immediate investment of $100 billion. Masayoshi Son will be the chairman of the company.

OpenAI, SoftBank, and Oracle to Form Joint Venture Called Stargate, Invest Up to $500 Billion in AI Infrastructure

President Trump is announcing the Stargate AI program that includes up to $500 billion in investment from Oracle, OpenAI, and SoftBank

Key Takeaways President Trump on Tuesday announced a joint venture with Oracle, OpenAI, and SoftBank to build AI infrastructure in the U.S.The companies said they would commit $100 billion to start, and as much as $500 billion over the next four years toward the initiative,

SoftBank, OpenAI, and Oracle are launching a $500 billion joint venture named Stargate to fund AI infrastructure in the U.S. The initiative, praised by President Trump, aims to deploy $100 billion immediately for projects like data centers and cancer research.

Donald Trump announces tech companies will invest up to $500 billion to fund artificial intelligence infrastructure

President Trump and the CEOs of OpenAI, Softbank, and Oracle are expected to announce a new $500 billion AI initiative called "Stargate," CBS first reported. Sources tell CBS that the plan is to start with a $100 billion commitment and a Stargate data center in Texas,

Oracle, OpenAI, and SoftBank are reportedly set to announce a landmark partnership with the White House to invest up to $500 billion in artificial intelligence (AI) infrastructure across the United States.