President Donald Trump has unveiled a historic infrastructure initiative involving a joint venture between OpenAI, Oracle, and SoftBank. The ambitious project, named “Stargate,” will see an investment of up to $500 billion aimed at transforming the AI infrastructure landscape in the United States.
During the announcement, President Trump welcomed top executives, including Oracle Executive Chairman Larry Ellison, SoftBank CEO Masayoshi Son, and OpenAI CEO Sam Altman. The first phase of the initiative will focus on constructing state-of-the-art data centers in Texas, with plans for nationwide expansion in the coming years.
“It is my honor to welcome three of the world’s leading technology CEOs to announce the largest AI infrastructure project in history, and it’s all happening right here in America,” Trump said. “We are creating over 100,000 American jobs almost immediately.”
Stargate is set to build colossal data centers and physical campuses across the nation, starting with a 10-building complex in Abilene, Texas, each spanning 500,000 square feet. Ellison confirmed that additional locations are being scouted nationwide.
The primary goals of the initiative include:
- Boosting Technological Capabilities: Strengthening AI capabilities across industries, including healthcare, finance, and energy.
- Job Creation: Providing employment opportunities for American workers and revitalizing the job market.
- Energy Independence: Utilizing AI to enhance energy production, with plans for in-house energy generation at the data center sites.
Masayoshi Son expressed enthusiasm for the project, calling it the beginning of a “Golden Age” for America. “Last month, I committed $100 billion, and President Trump told me to aim higher—so now, we are investing $500 billion. This project will transform industries and improve lives,” Son said.
Altman, the CEO of OpenAI, echoed these sentiments, emphasizing the significance of developing AI infrastructure within the U.S. “This will be the most important project of this era, and it will position the U.S. as a leader in AI technology.”
Ellison highlighted AI’s potential to revolutionize healthcare by enhancing electronic health records and assisting doctors with improved treatment plans. The initiative aims to integrate AI in cancer research, offering early detection and personalized treatment through AI-driven diagnostics.
“Imagine a future where AI can detect cancer through a simple blood test and create personalized vaccines within 48 hours,” Ellison stated.
President Trump emphasized that this initiative aligns with his administration’s vision of reshoring investments that would have otherwise gone to China. He announced that the U.S. has secured nearly $3 trillion in investments during his first day back in office, with projections to reach $6 to $7 trillion by the end of the week.
“This is the Golden Age of America,” Trump declared. “We are making America the global leader in AI, and this initiative will ensure we stay ahead.”
The initiative’s stakeholders will work closely with government agencies to expedite the construction and implementation process through emergency declarations. The partnership also includes additional investors such as Nvidia and Microsoft, further solidifying the project’s robust foundation.
Previous Report: President Donald Trump is set to announce a major infrastructure initiative this afternoon. According to sources, the announcement will unveil a joint venture between OpenAI, Oracle, and SoftBank, with a massive investment of up to $500 billion in infrastructure projects.
The first phase of this ambitious plan will focus on a state-of-the-art data center project in Texas, a key component in bolstering the nation’s technological capabilities and job market. This initiative is part of a broader effort to fulfill President Trump’s commitment to revitalizing American industry and creating employment opportunities.
READ: President Trump Takes Bold Steps On Day One: “Promises Made, Promises Kept”
This announcement follows a recent meeting between President Trump and SoftBank CEO Masayoshi Son at Mar-A-Lago. During the meeting, SoftBank committed to investing $100 billion and creating 100,000 jobs in the United States over the next several years.
The administration is expected to outline further details on the project timeline and potential expansion into other states in the coming weeks. Analysts predict that this move could serve as a catalyst for additional foreign investments and domestic infrastructure growth.
This is a developing story.
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