February 19, 2025
President Trump Announces $500 Billion 'Stargate' AI Project With OpenAI, Oracle, SoftBank [Video]

President Trump Announces $500 Billion 'Stargate' AI Project With OpenAI, Oracle, SoftBank [Video]

Posted January 21, 2025 at 11:57pm by iClarified
President Donald Trump held a news conference today with leaders from OpenAI, Oracle, and SoftBank to announce 'Stargate,' an AI infrastructure project that will see $500 billion in investment over the next four years.

"Together, these world-leading technology giants are announcing the formation of Stargate. So put that name down in your books, because I think you're going to hear a lot about it in the future. A new American company that will invest $500 billion, at least, in AI infrastructure in the United States, and very quickly, moving very rapidly, creating over 100,000 American jobs almost immediately. This monumental undertaking is a resounding declaration of confidence in America's potential under a new president."

"Beginning immediately, Stargate will be building the physical and virtual infrastructure to power the next generation of advancements in AI, and this will include the construction of colossal data centers, very, very massive structures."


Oracle CEO Larry Ellison revealed that the data centers are already under construction, each of them half a million square feet in size. The first are located in Texas.

There are 10 buildings currently being built, but that will expand to 20 and other locations beyond the Abilene location, which is our first location. The kind of applications that we're building, to give you an idea, maybe the most charismatic and the one that I think touches us all, is electronic health records, not just maintaining electronic health records, but by looking at electronic health records, understanding the condition of the doctors, better understanding the condition of their patients, and being able to provide healthcare plans that are much better than they otherwise would be.

SoftBank CEO Masayoshi Son said:

Well, Mr. President, last month I came to celebrate your winning and promised that we would invest $100 billion. And you told me, oh, Masa, go for $200 billion. Now I came back with $500 billion. Because this is the, as you said yesterday, this is the beginning of the golden age of America. This is one great example, I think. We wouldn't have decided to do this. This is the beginning of the golden age. We wouldn't have decided unless you won. And yesterday, we agreed, we signed to make this happen.


OpenAI CEO Sam Altman said:

I don't have too much to add, but I did want to say I'm thrilled we get to do this in the United States of America. I think this will be the most important project of this era, and as Masa said, for AGI to get built here, to create hundreds of thousands of jobs, to create a new industry centered here. We wouldn't be able to do this without you, Mr. President, and I'm thrilled that we get to.

OpenAI also announced the venture on its site:

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The Stargate Project is a new company which intends to invest $500 billion over the next four years building new AI infrastructure for OpenAI in the United States. We will begin deploying $100 billion immediately. This infrastructure will secure American leadership in AI, create hundreds of thousands of American jobs, and generate massive economic benefit for the entire world. This project will not only support the re-industrialization of the United States but also provide a strategic capability to protect the national security of America and its allies.

The initial equity funders in Stargate are SoftBank, OpenAI, Oracle, and MGX. SoftBank and OpenAI are the lead partners for Stargate, with SoftBank having financial responsibility and OpenAI having operational responsibility. Masayoshi Son will be the chairman.

Arm, Microsoft, NVIDIA, Oracle, and OpenAI are the key initial technology partners. The buildout is currently underway, starting in Texas, and we are evaluating potential sites across the country for more campuses as we finalize definitive agreements.

As part of Stargate, Oracle, NVIDIA, and OpenAI will closely collaborate to build and operate this computing system. This builds on a deep collaboration between OpenAI and NVIDIA going back to 2016 and a newer partnership between OpenAI and Oracle.

This also builds on the existing OpenAI partnership with Microsoft. OpenAI will continue to increase its consumption of Azure as OpenAI continues its work with Microsoft with this additional compute to train leading models and deliver great products and services.

All of us look forward to continuing to build and develop AI—and in particular AGI—for the benefit of all of humanity. We believe that this new step is critical on the path, and will enable creative people to figure out how to use AI to elevate humanity.
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You can watch the announcement video below...




President Trump Announces $500 Billion 'Stargate' AI Project With OpenAI, Oracle, SoftBank [Video]
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