The project will entail a joint venture between Oracle, Open AI and Softbank with the promise of investing nearly $500 billion into artificial intelligence infrastructure over the next four years. Other partners also include Nvidia, Microsoft and ARM— companies that have all been paramount to the significant AI boom in recent years.

President Trump and the CEOs of OpenAI, Softbank, and Oracle are expected to announce a new $500 billion AI initiative called "Stargate," CBS first reported. Sources tell CBS that the plan is to start with a $100 billion commitment and a Stargate data center in Texas,

President Trump is reportedly planning to announce major AI infrastructure investments, signaling a willingness to work alongside large technology companies.

U.S. President Donald Trump on Tuesday (January 21) announced private sector investment of up to $500 billion to fund artificial intelligence infrastructure. Julian Satterthwaite reports. Could AI-assisted program help badminton players with training?

Donald Trump and three top tech firms announced on Tuesday that they would create a new company called Stargate to grow artificial intelligence infrastructure in the U.S. The President also said the three companies will collaborate and invest $500 billion in the AI infrastructure project.

President Donald Trump is due to announce private sector investment of up to $500 billion to fund artificial intelligence infrastructure on Tuesday, two sources told Reuters.