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President Trump announces Stargate AI investment project with $500 billion from MGX, OpenAI, Oracle, and Softbank

President Trump announces $500 billion Stargate AI investment project with leaders of Softbank, Oracle, and OpenAI. (Image source: Fox 5 on YouTube)
President Trump announces $500 billion Stargate AI investment project with leaders of Softbank, Oracle, and OpenAI. (Image source: Fox 5 on YouTube)
The Stargate AI investment project is equity-funded by MGX, OpenAI, Oracle, and Softbank, and partners with Arm, Microsoft, and Nvidia to create the necessary AI infrastructure to maintain America's leadership and dominance in the field of AI.

A day after his inauguration, President Trump has announced the Stargate AI investment project to invest up to $500 billion to ensure America's dominance and leadership in artificial intelligence while creating hundreds of thousands of AI jobs for Americans.

Funding of $100 billion is immediately available for spending, with the remainder promised to be available in upcoming years by MGX, OpenAI, Oracle, and Softbank. Projects already underway include ten 500,000 sq. ft. data centers in Abilene, Texas, with 20 planned. Stargate is also partnering with ARM, Microsoft, and Nvidia on the necessary technology.

Softbank CEO Masayoshi Son noted that the project is not just for profits, but also to help humanity in innovative ways that only AI can. Oracle founder Larry Ellison noted the far reaching ability of AI to potentially create customized cancer vaccines from blood tests.

Readers who are curious about AI in drug development can read about it in this Nature article or this book on Amazon. Job seekers wanting to catch the AI jobs surge in Texas can read about moving to Texas in this book on Amazon.

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> Expert Reviews and News on Laptops, Smartphones and Tech Innovations > News > News Archive > Newsarchive 2025 01 > President Trump announces Stargate AI investment project with $500 billion from MGX, OpenAI, Oracle, and Softbank
David Chien, 2025-01-22 (Update: 2025-01-23)