Trump wants to build an 'AI superpower'! OpenAI, SoftBank, and Oracle jointly invest at least 5k billion US dollars

US President Donald Trump announced that OpenAI, Oracle, and Softbank will deploy $100 million to jointly establish a company called 'Stargate'. The total investment will be increased to $500 million within the next 4 years to build artificial intelligence (AI) infrastructure in the United States and consolidate its leadership position in the AI field.

Trump held a press conference at the White House on Tuesday with SoftBank founder Masayoshi Son, OpenAI CEO Sam Altman, and Oracle CEO Larry Ellison to announce this news. Trump pointed out, 'We are beginning to see unprecedented investments pouring into this country,' and emphasized the hope that through this plan, 'AI technology will be kept in the United States' because China and other countries are rapidly emerging as competitors in the field of AI.

Trump revealed that he will use executive orders and emergency declarations to provide assistance to accelerate the progress of related construction projects, 'because we are in an emergency situation'.

Bloomberg cited SoftBank as saying that the initial equity contributors to "Interstellar Gate" include SoftBank, OpenAI, Oracle, and the Abu Dhabi national investor MGX. Among them, SoftBank and OpenAI are the main partners of the joint venture, with the former responsible for finance and the latter responsible for overseeing operations.

OpenAI stated in a post that SoftBank founder Masayoshi Son will serve as the chairman of Stargate, with Arm, Microsoft, Nvidia, Oracle, and OpenAI as 'key initial technology partners'.

Announcing The Stargate Project

The Stargate Project is a new company that plans to invest 500 billion dollars in the next four years to build new AI infrastructure for OpenAI in the United States. We will start deploying 100 billion dollars immediately. This infrastructure will ensure...

— OpenAI (@OpenAI) January 21, 2025

The first step of the 'Gate to the Stars' is to build 10 data centers. Oracle CEO Larry Ellison said that the data center in Texas is already under construction and will be expanded to other states in the future.

After the announcement, the market responded enthusiastically. SoftBank's stock price surged 9.7% on Wednesday in the Tokyo Stock Market, marking the largest single-day increase in five months. Technology stocks, including Nvidia, Oracle, and Arm, also rose in response. The S&P 500 index rose nearly 1% on Tuesday, reflecting the market's confidence in Trump's promotion of AI investment.

〈Trump wants to build an 'AI superpower'! OpenAI, SoftBank, and Oracle to jointly invest at least 5k billion dollars〉This article was first published on 'Blocktimes'.