Trump Unveils $500 Billion AI Investment Initiative Led by Stargate
President Trump announced Stargate, a $500 billion private-sector investment to develop AI infrastructure in the U.S., backed by OpenAI, SoftBank, Oracle, and NVIDIA.
President Donald Trump has announced a groundbreaking $500 billion private-sector investment to solidify the United States’ leadership in artificial intelligence. The initiative, spearheaded by a newly formed company named Stargate, brings together prominent partners such as OpenAI, SoftBank, Oracle, and NVIDIA to develop cutting-edge AI infrastructure.
Key backers include SoftBank and OpenAI, with SoftBank handling financial oversight and OpenAI leading operations. Masayoshi Son, SoftBank’s CEO, will serve as chairman of Stargate. The project aims to create hundreds of thousands of jobs, reindustrialize the U.S., and bolster national security, with initial deployments starting in Texas and plans for expansion nationwide.
Despite the ambitious vision, skepticism has surfaced. Elon Musk criticized the project, questioning whether the funds for such a massive undertaking actually exist, casting doubt on the feasibility of Stargate’s lofty goals.
Stating:
The Stargate initiative emphasizes collaboration among tech giants, with NVIDIA, Oracle, and Microsoft contributing resources and expertise to build advanced computing systems. OpenAI will also leverage this infrastructure to further its AI research, particularly in artificial general intelligence (AGI).
