Trump unveils $500B major AI infrastructure venture led by Softbank, Oracle & OpenAI – TNGlobal

SoftBank Group Corp chairman & CEO Masayoshi Son, OpenAI CEO Sam Altman, and Oracle CEO Larry Ellison has joined President Trump to unveil The Stargate Project— a new company which intends to invest $500 billion over the next four years to build new AI infrastructure in the United States.

The initial equity funders in Stargate are SoftBank, OpenAI, Oracle, and MGX, who will work in close collaboration with technology partners Arm, Microsoft, NVIDIA, Oracle, and OpenAI, to advance…