Masayoshi Son of SoftBank, Sam Altman of OpenAI and Larry Ellison of Oracle joined Trump for the $500 billion announcement.
President Donald Trump announced the $500 billion Stargate Project in Texas to advance AI research, starting with a data center in Abilene.
A plan to build a system of data centers for artificial intelligence has been revealed in a White House press conference, with Masayoshi Son, Sam Altman, and Larry Ellison joining Donald Trump to announce The Stargate Project.
Joint venture Stargate will be building out data centers and beefing up electricity generation to support the fast-evolving artificial intelligence scene.
Shares in Japanese tech behemoth SoftBank Group soared more than eight percent on Wednesday after US President Donald Trump announced a major investment to build AI infrastructure.
OpenAI, SoftBank and Oracle will form a joint venture called Stargate to fund energy and infrastructure projects to help meet skyrocketing demand from AI.
President Trump has announced a major $500 billion AI infrastructure project in collaboration with SoftBank, Oracle, and OpenAI to boost AI advancemen
A key focus of the Stargate project is to facilitate the development of Artificial General Intelligence (AGI), a level of AI with human-like cognitive abilities