Trump announces investment of up to $500 billion in private sector AI infrastructure

President Trump announced on Tuesday that the private sector will invest billions of dollars to build artificial intelligence infrastructure in the United States.

OpenAI, SoftBank and Oracle are planning to form a joint venture called "Stargate," Trump said at a White House briefing.

SoftBank CEO Masayoshi Son, OpenAI's Sam Altman and Oracle's Larry Ellison joined Trump for the announcement.

Politics

Trump Announces Up to $500 Billion Investment in Private Sector AI Infrastructure

President Trump announced on Tuesday that the private sector will invest billions of dollars to build artificial intelligence infrastructure in the United States.

OpenAI, SoftBank and Oracle are planning to form a joint venture called "Stargate," Trump said at a White House briefing.

SoftBank CEO Masayoshi Son, OpenAI's Sam Altman and Oracle's Larry Ellison joined Trump for the announcement.

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President Donald Trump, SoftBank CEO Masayoshi Son and Open AI CEO Sam Altman listen to Oracle Executive Chairman Larry Ellison at the White House on January 21, 2025.

"What we want to do is, we want to keep these energy sources in this country," Trump said. "China is a competitor, other countries are competitors. We want to stay in this country, and we are providing these energy sources. I will help a lot with the emergency declaration because we have an emergency, and we have to build these things. So they have to produce a lot of electricity. We will make it easy for them to do this in their own factories if they want."

Executives from both companies are expected to invest $500 billion in the Stargate project over the next four years. Details of the new collaboration have not yet been announced.

Ellison said at the briefing that 10 data centers for the project are already under construction in Texas, and more are planned. Sources previously told CBS News that Stargate will start with a data center project in Texas and eventually expand to other states. AIholds incredible promise for all of us, for every American," Ellison told reporters.

Trump claimed the venture would "create over 100,000 American jobs almost immediately."

Altman added: "I think this is going to be the most important project of our time."

The three executives touted what they believe is AI's ability to solve health care problems.

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