The $500B Stargate Initiative, led by Trump, OpenAI, SoftBank, and Oracle, is set to revolutionize U.S. AI infrastructure.

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.

Hours after returning to the White House, President Donald Trump made a symbolic mark on the future of artificial intelligence by repealing former President Joe Biden's guardrails for the fast-developing technology.

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.

Trump found a letter from Biden in the Oval Office's Resolute desk after a Fox News journalist reminded him to look for it.

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

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.

The project, which will be financially led by SoftBank and operationally by OpenAI, will see an immediate investment of $100 billion. Masayoshi Son will be the chairman of the company.

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

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

When Biden's AI Order was established, half a dozen US politicians applauded the measure alongside industry executives like Microsoft President Brad Smith, who called it a "critical step forward in the governance of AI technology" (In October, Microsoft founder Bill Gates quietly supported Kamala Harris for president with a $50 million donation).

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.