Trump announces Stargate: Texas-based investment combines AI heavyweights

Trump announces Stargate: Texas-based investment combines AI heavyweights

Three major business leaders — SoftBank Group CEO Masayoshi Son, OpenAI CEO Sam Altman and Oracle Corp. Chairman Larry Ellison — joined President Donald Trump on Tuesday afternoon at the White House to announce the creation of a new company called Stargate.

Texas-based Stargate would invest up to $500 billion over the next four years in AI infrastructure. The initial investment is expected to be $100 billion and could reach five times that sum, according to The Associated Press.

Son, a…

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https://www.newsweek.com/stargate-ai-oracle-donald-trump-infrastructure-sam-altman-2018614