SoftBank CEO Masayoshi Son speaks after U.S. President Donald Trump delivered remarks on AI infrastructure, next to Oracle co-founder Larry Ellison and OpenAI CEO Sam Altman at the Roosevelt room at White House in Washington, U.S., January 21, 2025. REUTERS/Carlos Barria
SoftBank CEO Masayoshi Son speaks after U.S. President Donald Trump delivered remarks on AI infrastructure, next to Oracle co-founder Larry Ellison and OpenAI CEO Sam Altman at the Roosevelt room at White House in Washington, U.S., January 21, 2025. REUTERS/Carlos Barria
U.S. President Donald Trump delivers remarks on AI infrastructure at the Roosevelt room at White House in Washington, U.S., January 21, 2025. REUTERS/Carlos Barria
U.S. President Donald Trump delivers remarks on AI infrastructure at the Roosevelt room at White House in Washington, U.S., January 21, 2025. REUTERS/Carlos Barria

OpenAI, SoftBank, Oracle to invest $500 bln in AI, Trump says

January 21st, 2025 | 22:38 PM TECH Artificial Intelligence 1

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By Reuters

President Donald Trump on Tuesday announced that three leading companies would make a large investment in artificial intelligence infrastructure.

OpenAI, SoftBank (9984.T), and Oracle (ORCL.N) will form a joint venture called Stargate, with a plan to invest $500 billion, Trump said at the White House.

Trump said he will help facilitate the project with emergency orders.

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