AI Joint Venture: US Announces Project Will Provide $500 Billion for Infrastructure

The White House will ease the way for OpenAI, Oracle, MGX, and SoftBank to build a generative AI computing system.

A joint venture called The Stargate Project will contribute $500 billion over four years to generative AI infrastructure in the U.S., representatives of SoftBank, OpenAI, and Oracle announced in partnership with President Donald Trump on Jan. 21.

The joint venture will support infrastructure, including data centers, contributing to what OpenAI calls a “computing system.”

“This infrastructure will secure American leadership in AI, create hundreds of thousands of American jobs, and generate massive economic benefit for the entire world,” OpenAI wrote in a Jan. 21 post on X (formerly Twitter). “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.”

“It’s big money and high-quality people,” Trump said at a White ...