OpenAI, SoftBank, Oracle to invest $500 billion in AI, Trump says
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U.S. President Donald Trump delivers remarks on AI infrastructure at the Roosevelt room at White House in Washington, U.S., January 21, 2025. REUTERS/Carlos Barria
(Reuters) - President Donald Trump on Tuesday announced that three leading companies would make a large investment in artificial intelligence infrastructure.
OpenAI, SoftBank (9984.T), and Oracle (ORCL.N) will form a joint venture called Stargate, with a plan to invest $500 billion, Trump said at the White House.
Trump said he will help facilitate the project with emergency orders.
(Reporting by Steve Holland; Writing by Ryan Patrick Jones)
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