Trump-Backed Stargate Initiative to Pour $500B Into AI

AI Consortium Includes OpenAI, SoftBank and Oracle Rashmi Ramesh (rashmiramesh_) • January 22, 2025

Tech giants OpenAI, SoftBank and Oracle are forming a new entity in a bid to advance artificial intelligence infrastructure in the United States.

See Also: Live Webinar | AI-Powered Defense Against AI-Driven Threats

Announced at the White House Tuesday alongside President Donald Trump, a consortium behind the "Stargate initiative" will commit an initial $100 billion to the project, with plans to expand the investment to $500 billion over the coming years.

Trump said that Stargate is projected to create 100,000 jobs and will be the "largest AI infrastructure project in history."

Stargate aims to establish the foundational infrastructure for future AI development, including building data centers nationwide. A 1 million square foot facility is already under construction in Texas, with 10 data centers set up so far.

Oracle Chairman Larry Ellison said the development is ...