Trump to announce private sector AI infrastructure investment, CBS reports

(Reuters) -President Donald Trump is due to announce private sector investment to build artificial intelligence infrastructure in the United States totaling billions of dollars, CBS News reported on Tuesday.

OpenAI, SoftBank (9984.T) and Oracle (ORCL) are planning a joint venture called Stargate, the report added, saying SoftBank CEO Masayoshi Son, OpenAI’s Sam Altman and Oracle’s Larry Ellison are due at the White House later on Tuesday.

Company executives are expected to commit $100…