Stargate Project, incorporated in Delaware as Stargate LLC, [1] is an American multinational artificial intelligence (AI) joint venture created by OpenAI, SoftBank, Oracle, and investment firm MGX. [2] The venture plans on investing up to US$500 billion in AI infrastructure in the United States by 2029. It has been planned since 2022 and was formally announced on January 21, 2025, by United ...

Jan 21, 2025 · The Stargate Project is a new company which intends to invest $500 billion over the next four years building new AI infrastructure for OpenAI in the United States. We will begin deploying $100 billion immediately. This infrastructure will secure American leadership in AI, create hundreds of thousands of American jobs, and generate massive ...

Jan 22, 2025 · WASHINGTON (AP) — President Donald Trump on Tuesday talked up a joint venture investing up to $500 billion for infrastructure tied to artificial intelligence by a new partnership formed by OpenAI, Oracle and SoftBank.. The new entity, Stargate, will start building out data centers and the electricity generation needed for the further development of the fast-evolving AI in Texas, according to ...

Jan 22, 2025 · Stargate is a new project designed to maintain the U.S. as the global leader in artificial intelligence. Backed by a $500 billion investment over four years, Stargate plans to build AI...

Jan 22, 2025 · US President Donald Trump has announced an "at least" $US500 billion ($799 billion) artificial intelligence project — Stargate. The venture, to be led by Japanese giant Softbank, cloud giant Oracle and ChatGPT-creator OpenAI, will create an …

Jan 22, 2025 · CLIMATEWIRE | President Donald Trump announced an initiative Tuesday for several technology giants to invest at least $500 billion in artificial intelligence and data centers at U.S. locations...

Jan 23, 2025 · President Donald Trump wasted little time in announcing the Stargate Initiative, a $500 billion private sector deal to expand U.S. artificial intelligence infrastructure.

Jan 22, 2025 · When President Trump announced the new $500 billion Stargate AI venture from OpenAI, Softbank and Oracle on Tuesday, he promised it would ensure "the future of technology" in the U.S. So far,...

Jan 21, 2025 · The Stargate Project is a new company funded by SoftBank, OpenAI, Oracle, and MGX to build AI infrastructure for OpenAI in the US. Nvidia, Microsoft, and Arm are among the technology partners...

Jan 22, 2025 · Investment in AI is currently exploding, driving demand for new data centres while also raising concerns about the huge amounts of water and power the facilities require. The venture is a...