OpenAI, Oracle, Softbank Team Up for Stargate AI Initiative | Entrepreneur

President Trump and the CEOs of OpenAI, Softbank, and Oracle are expected to announce a new $500 billion AI initiative called “Stargate,” CBS first reported.

Sources tell CBS that the plan is to start with a $100 billion commitment and a Stargate data center in Texas, and then build up to $500 billion over the next four years while expanding data centers to other states.

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OpenAI’s Sam Altman,…