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Tom’s Hardware

Technology

Anton Shilov

Open AI, Oracle, and SoftBank to invest $500 billion in 'Stargate' AI project

Oracle Stargate SoftBank Open AI Donald Trump Larry Ellison Sam Altman Nvidia OpenAI

Oracle.

The United States is set to receive up to $500 billion in private sector investment for artificial intelligence infrastructure from Stargate, a joint venture led by Open AI, Oracle, and SoftBank, the U.S. President Donald Trump announced on Tuesday, reports Reuters. The three companies intend to build 20 huge datacenters and create 100,000 jobs in the U.S.

This announcement follows a report from March 2024 detailing a $100 billion data center project by OpenAI and Microsoft, also named Stargate. Whether this is a continuation or a separate initiative remains unclear.

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