Trump to announce up to $500 billion private sector AI infrastructure investment
22/1/2025 6:20
President Donald Trump is due to announce private sector investment to build artificial intelligence infrastructure in the United States totaling
billions of dollars, CBS News reported on Tuesday.
OpenAI, SoftBank and Oracle are planning a joint venture called Stargate, the report added, saying SoftBank CEO Masayoshi Son, OpenAI's Sam Altman and Oracle's Larry Ellison are due at the White House later on Tuesday.
Company executives are expected to commit $100 billion initially and then up to $500 billion into Stargate over the next four years, according to the report.
Oracle, OpenAI and SoftBank did not immediately respond to requests for comment.
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