Trump to announce AI infrastructure investment backed by Oracle, OpenAI and Softbank – CNBC

Credit CardsLoansBankingMortgagesInsuranceCredit MonitoringPersonal FinanceSmall BusinessTaxesHelp for Low Credit ScoresInvestingSELECTAll Credit CardsFind the Credit Card for YouBest Credit CardsBest Rewards Credit CardsBest Travel Credit CardsBest 0% APR Credit CardsBest Balance Transfer Credit CardsBest Cash Back Credit CardsBest Credit Card Welcome BonusesBest Credit Cards to Build CreditSELECTAll LoansFind the Best Personal Loan for YouBest Personal LoansBest Debt Consolidation LoansBest Loans to Refinance Credit Card DebtBest Loans with Fast FundingBest Small Personal LoansBest Large Personal LoansBest Personal Loans to Apply OnlineBest Student Loan RefinanceSELECTAll BankingFind the Savings Account for YouBest High Yield Savings AccountsBest Big Bank Savings AccountsBest Big Bank Checking AccountsBest No Fee Checking AccountsNo Overdraft Fee Checking AccountsBest Checking Account BonusesBest Money Market AccountsBest CDsBest Credit UnionsSELECTAll MortgagesBest MortgagesBest Mortgages for Small Down PaymentBest Mortgages for No Down PaymentBest Mortgages with No Origination FeeBest Mortgages for Average Credit ScoreAdjustable Rate MortgagesAffording a MortgageSELECTAll InsuranceBest Life InsuranceBest Homeowners InsuranceBest Renters InsuranceBest Car InsuranceTravel InsuranceSELECTAll Credit MonitoringBest Credit Monitoring ServicesBest Identity Theft ProtectionHow to Boost Your Credit ScoreCredit Repair ServicesSELECTAll Personal FinanceBest Budgeting AppsBest Expense Tracker AppsBest Money Transfer AppsBest Resale Apps and SitesBuy Now Pay Later (BNPL) AppsBest Debt ReliefSELECTAll Small BusinessBest Small Business Savings AccountsBest Small Business Checking AccountsBest Credit Cards for Small BusinessBest Small Business LoansBest Tax Software for Small BusinessSELECTAll TaxesFiling For FreeBest Tax SoftwareBest Tax Software for Small BusinessesTax RefundsTax BracketsTax TipsTax By StateTax Payment PlansSELECTAll Help for Low Credit ScoresBest Credit Cards for Bad CreditBest Personal Loans for Bad CreditBest Debt Consolidation Loans for Bad CreditPersonal Loans if You Don’t Have CreditBest Credit Cards for Building CreditPersonal Loans for 580 Credit Score or LowerPersonal Loans for 670 Credit Score or LowerBest Mortgages for Bad CreditBest Hardship LoansHow to Boost Your Credit ScoreSELECTAll InvestingBest IRA AccountsBest Roth IRA AccountsBest Investing AppsBest Free Stock Trading PlatformsBest Robo-AdvisorsIndex FundsMutual FundsETFsBondsIn this articlePresident Donald Trump announced a joint venture Tuesday with OpenAI, Oracle and Softbank to invest billions of dollars in artificial intelligence infrastructure in the United States.The project, dubbed Stargate, was unveiled at the White House by Trump, Softbank CEO Masayoshi Son, OpenAI CEO Sam Altman and Oracle co-founder Larry Ellison.The executives committed to invest an initial $100 billion and up to $500 billion over the next four years in the project, which will be set up as a separate company.”What we want to do is we want to keep it in this country,” Trump said of AI, noting that China is a major competitor in the nascent industry.Stargate’s first joint venture will be to construct data centers in Texas — an effort that is already underway, Ellison said in the Roosevelt Room.OpenAI later said in an X post that the project “will not only support the re-industrialization of the United States but also provide a strategic capability to protect the national security of America and its allies.”Softbank’s Son will be the chairman of Stargate, while semiconductor company Arm, Microsoft, NVIDIA, Oracle, and OpenAI will be “the key initial technology partners,” OpenAI said in the post.Son already announced a four-year, $100-billion AI investment in the United States in December, when he visited then-President-elect Trump’s Mar-a-Lago resort.At the time, Trump joked that he had pressed Son to bump up his commitment to $200 billion.”Now I came back with $500 [billion],” Son quipped at the White House Tuesday.In his remarks, Trump suggested that the $500 billion figure would be separate from Son’s previous pledge. “The $500 billion Stargate Project comes in addition to a separate pledge, between $100 and $200 billion, from, as we know, from Masa,” Trump said.— NBC News’ Peter Alexander contributed to this reportGot a confidential news tip? We want to hear from you.Sign up for free newsletters and get more CNBC delivered to your inboxGet this delivered to your inbox, and more info about our products and services.© 2025 CNBC LLC. All Rights Reserved. A Division of NBCUniversal
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Source: https://www.cnbc.com/2025/01/21/trump-ai-openai-oracle-softbank.html