President Donald Trump announced today the launch of “Project Stargate,” a monumental $500 billion investment in artificial intelligence (AI) infrastructure.
This initiative is a collaborative effort with industry titans OpenAI, SoftBank Group Corp., and Oracle Corp., aiming to establish state-of-the-art data centers and related infrastructure projects across the nation.
The announcement, made at the White House, highlighted the project’s potential to create over 100,000 American jobs, with an initial $100 billion investment set to commence immediately.
President Trump emphasized that this venture would not only bolster the economy but also position the United States at the forefront of AI advancements, countering competitive pressures from nations like China.
Trump:
It’s my honor to welcome three of the world’s leading technology CEOs. And in the case of Larry—Larry Ellison—it’s well beyond technology; he’s CEO of everything. He’s an amazing man, an amazing business person. But to announce the largest AI infrastructure project, by far, in history—and it’s all taking place right here in America.As you know, there’s great competition for AI and other things, and they’re coming in at the highest level. We’re joined by Oracle Executive Chairman Larry Ellison; SoftBank CEO, my friend Masayoshi Son; and CEO of OpenAI—and I would say by far the leading expert, based on everything I read—Sam Altman.
That’s great that you’re coming in together. That’s a massive group of talent and money. Together, these world-leading technology giants are announcing the formation of Stargate. So put that name down in your books because I think you’re going to hear a lot about it in the future—a new American company that will invest $500 billion, at least, in AI infrastructure in the United States, and very quickly—moving very rapidly—creating over 100,000 American jobs almost immediately.
This monumental undertaking is a resounding declaration of confidence in America’s potential under a new president… It will ensure the future of technology. What we want to do is—we want to keep it in this country.
China is a competitor, and others are competitors. We want it to be in this country, and we’re making it available.
WATCH:
President Trump: “Together these world leading technology giants are announcing the formation of Stargate…a new American company that will invest $500 billion at least in AI infrastructure in the United States…creating over 100,000 American jobs.” pic.twitter.com/tZiFZFtXjP
— CSPAN (@cspan) January 21, 2025
Below is the press release from the woke OpenAI (ChatGPT):
The Stargate Project is a new company which intends to invest $500 billion over the next four years building new AI infrastructure for OpenAI in the United States. We will begin deploying $100 billion immediately. This infrastructure will secure American leadership in AI, create hundreds of thousands of American jobs, and generate massive economic benefit for the entire world. This project will not only support the re-industrialization of the United States but also provide a strategic capability to protect the national security of America and its allies.
The initial equity funders in Stargate are SoftBank, OpenAI, Oracle, and MGX. SoftBank and OpenAI are the lead partners for Stargate, with SoftBank having financial responsibility and OpenAI having operational responsibility. Masayoshi Son will be the chairman.
Arm, Microsoft, NVIDIA, Oracle, and OpenAI are the key initial technology partners. The buildout is currently underway, starting in Texas, and we are evaluating potential sites across the country for more campuses as we finalize definitive agreements.
As part of Stargate, Oracle, NVIDIA, and OpenAI will closely collaborate to build and operate this computing system. This builds on a deep collaboration between OpenAI and NVIDIA going back to 2016 and a newer partnership between OpenAI and Oracle.
This also builds on the existing OpenAI partnership with Microsoft. OpenAI will continue to increase its consumption of Azure as OpenAI continues its work with Microsoft with this additional compute to train leading models and deliver great products and services.
All of us look forward to continuing to build and develop AI—and in particular AGI—for the benefit of all of humanity. We believe that this new step is critical on the path, and will enable creative people to figure out how to use AI to elevate humanity.
Announcing The Stargate Project
The Stargate Project is a new company which intends to invest $500 billion over the next four years building new AI infrastructure for OpenAI in the United States. We will begin deploying $100 billion immediately. This infrastructure will secure…
— OpenAI (@OpenAI) January 21, 2025
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