President Donald Trump talked up a joint venture investing up to $500 billion for infrastructure tied to AI by a new partnership formed by OpenAI, Oracle and SoftBank.

SoftBank Group Corp., OpenAI, and Oracle Corp. are forming a $100 billion joint venture to fund artificial intelligence infrastructure, an effort unveiled with President Donald Trump aimed at speeding development of the emerging technology.

President Trump hosted executives from Softbank, OpenAI and Oracle at the White House Tuesday to announce “Stargate,” a $500BN private-sector plan to build new AI data centers.

President Donald Trump called Stargate, a new joint venture by OpenAI, Oracle, and SoftBank, "the largest AI infrastructure project in history."

The executive order directs the Department of Defense and the Department of Energy to lease federal sites to companies building AI infrastructure.

WASHINGTON : President Donald Trump on Tuesday announced a major investment to build infrastructure for artificial intelligence led by Japanese giant Softbank, Oracle and ChatGPT-maker OpenAI. The venture, called Stargate, “will invest US$500 billion, at least, in AI infrastructure in the US,” Trump said in remarks at the White House.

RISKS Move fast and break things': Trump's $500 billion AI project has major risks By Armin Chitizadeh, University of Sydney Sydney, Jan 23 (The Conversation) In one of his first moves as the 47th President of the United States,

WASHINGTON — President Trump unveiled a $500 billion artificial intelligence infrastructure project Tuesday at the White House alongside reps from three tech and investment giants — with those business leaders asserting the initiative could cure cancer.

Stargate, a joint venture between Open AI, Oracle, and SoftBank, will invest $500 billion in building AI infrastructure across the U.S.

Recently appointed president Trump has announced a significant private sector investment to develop OpenAI's infrastructure.

Trump announced Tuesday that OpenAI, Softbank and Oracle would join forces to create Stargate, a new company investing $500 billion in AI infrastructure.