Open AI, Oracle, and SoftBank to invest $500 billion in ‘Stargate’ AI project

The United States is set to receive up to $500 billion in private sector investment for artificial intelligence infrastructure from Stargate, a joint venture led by Open AI, Oracle, and SoftBank, the U.S. President Donald Trump announced on Tuesday, reports Reuters. The three companies intend to build 20 huge datacenters and create 100,000 jobs in the U.S. 

This announcement follows a report from March 2024 detailing a $100 billion data center project by OpenAI and Microsoft, also named…