President Donald Trump will announce a joint venture Tuesday with OpenAI, Oracle and Softbank to invest billions of dollars in AI infrastructure in the United States.
The project, dubbed Stargate, will be unveiled at the White House by Trump, Softbank CEO Masayoshi Son and executives from Oracle and OpenAI, according to sources familiar with the plan.
The companies are expected to commit to an initial $100 billion and up to $500 billion to the project over the next four years, according to CBS News, which first reported details of the expected announcement.
Stargate’s first joint venture will be a datacenter in Texas, CBS reported.
Softbank’s Son had already announced a four-year, $100-billion AI investment in the United States in December, when he visited then-President-elect Trump’s Mar-a-Lago resort.
It was not immediately clear if the anticipated investment being announced Tuesday would be in addition to Son’s prior pledge.
This is a developingp story. Please check back for updates.
