President Donald Trump is set to announce a significant private sector investment in U.S. artificial intelligence (AI) infrastructure, with commitments totaling up to $500 billion over the next four years.
The initiative involves a joint venture named Stargate, formed by OpenAI, SoftBank, and Oracle. Initially, these companies plan to invest $100 billion, with the potential to increase the investment to $500 billion. SoftBank CEO Masayoshi Son, OpenAI’s Sam Altman, and Oracle’s Larry Ellison are expected to attend the White House announcement.
This investment aims to bolster the United States’ position in the global AI landscape, particularly in response to the rapid adoption of generative AI technologies and increasing competition from countries like China. The development of advanced AI data centers is a key component of this strategy.
The announcement aligns with President Trump’s broader economic strategy, which includes encouraging private sector investments to stimulate growth and innovation. Notably, during his previous term, President Trump secured a $100 billion investment from SoftBank to create jobs in the U.S.
