Trump's Stargate:
President Donald Trump announced the ambitious initiative "Stargate" on January 21, 2025, which involves a joint venture between OpenAI, Oracle, SoftBank, and MGX.
The project aims to invest at least $500 billion in AI infrastructure within the United States over the next four years and described as the largest AI infrastructure project in history, with immediate funding of $100 billion set to be deployed.
The primary goal of Stargate is to construct a “colossal data center” to support the advancement of artificial intelligence, specifically aiming to enhance U.S. competitiveness against nations like China in the AI sector. Trump emphasized that this project would lead to the creation of over 100,000 American jobs "almost immediately."
Key players involved include OpenAI CEO Sam Altman, SoftBank CEO Masayoshi Son, Oracle Chairman Larry Ellison, and representatives from MGX, with SoftBank taking financial responsibility and OpenAI overseeing operations. The venture also features technology partnerships with Microsoft, ARM, and NVIDIA.