OpenAI CEO Sam Altman is scheduled to join President Donald Trump and other tech CEOs at the White House on Tuesday afternoon to announce a significant private sector investment in artificial intelligence infrastructure in the United States. The collaboration between OpenAI, Oracle, and SoftBank aims to inject up to $500 billion into an AI data center project named Stargate over the next few years, as reported by CBS.
The push for more data centers, along with the necessary chips, electricity, and water resources to support them, has been a focal point for AI leaders. The investment from Oracle and SoftBank, two major players in the tech industry, underscores the substantial financial commitment required for expanding AI infrastructure, which is anticipated to run into billions of dollars.
Sam Altman has been vocal about the importance of bolstering AI infrastructure in the U.S. to maintain a competitive edge over China in the AI race. He has emphasized the critical role of AI in various sectors, from the economy to national defense. Altman's efforts to secure investments for new semiconductor plants for AI chip production, including discussions with SoftBank CEO Masayoshi Son, highlight the strategic planning behind this initiative.
Altman's optimism about Trump's ability to attract AI infrastructure investments to the U.S. was evident in his recent statements. He expressed confidence in the administration's support for this crucial development and indicated a willingness to collaborate with Trump's team on advancing AI infrastructure in the country.
