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Last month, President Donald Trump announced a major artificial intelligence initiative, partnering with tech giants OpenAI, Nvidia (NVDA), Oracle (ORCL), and SoftBank (SFTBY) to invest up to $500 billion in domestic AI infrastructure over the next four years.
The “Stargate” project was unveiled at the White House alongside SoftBank CEO Masayoshi Son, OpenAI CEO Sam Altman, and Oracle co-founder Larry Ellison. The executives committed an initial $100 billion investment, with Son serving as chairman of the new venture.