President Donald Trump revealed a groundbreaking collaboration between OpenAI, SoftBank, and Oracle to establish a new $500 billion AI infrastructure initiative named Stargate. This venture marks a significant private sector investment in artificial intelligence infrastructure within the United States.
The three companies are set to kickstart the project with individual investments of $100 billion each, with a collective goal of injecting up to $500 billion into the endeavor over the upcoming years. Stargate aims to construct both physical and virtual infrastructure to fuel the next wave of AI innovation, including the establishment of data centers across the nation.
During the announcement, President Trump hailed Stargate as the 'largest AI infrastructure project in history.' Oracle Chairman Larry Ellison, present at the event, disclosed that the initial data project is already in progress in Texas.
Industry leaders have been emphasizing the necessity for additional data centers, along with the essential chips, electricity, and water resources to support their AI aspirations in the foreseeable future. Oracle, a major player in the US data center sector, is well-positioned to contribute to this initiative. Meanwhile, SoftBank's substantial financial resources make it a key player in funding the expansion of AI infrastructure, which is projected to require investments amounting to billions of dollars.
