Earlier this week, President Donald Trump unveiled a big-ticket private-sector collaboration called Stargate. The project will bring together OpenAI, SoftBank (SFTBY), and Oracle (ORCL) to invest in American artificial intelligence (AI) infrastructure. This joint venture plans an initial investment of $100 billion, scaling up to $500 billion over four years, to build extensive AI data center infrastructure across the United States.
The Stargate project signals a cooperative approach between the Trump administration and tech companies, with Oracle playing a central role as the primary infrastructure provider. The initiative has already begun, with Oracle co-founder Larry Ellison revealing that 10 buildings are under construction in Abilene, Texas, with plans to expand to 20 buildings and additional locations.
