At a press conference capping his first full day back in the White House, Donald Trump stood beside three of the most influential executives in the world—Sam Altman of OpenAI, Larry Ellison of Oracle,
The $500B Stargate Initiative, led by Trump, OpenAI, SoftBank, and Oracle, is set to revolutionize U.S. AI infrastructure.
President Donald Trump talked up a joint venture investing up to $500 billion for infrastructure tied to AI by a new partnership formed by OpenAI, Oracle and SoftBank.
Sam Altman, CEO of OpenAI, sparred Wednesday with Elon Musk over funding for a Trump-backed AI infrastructure project one day after he stood with the president in the White House to announce the project.
OpenAI CEO Sam Altman called Stargate, “the most important project for this era” and promised that all of the new investment his company was making would help cure diseases. Altman was actually prompted by Trump to talk about the medical advances that AI would supposedly figure out.
Some of the biggest names in technology have clashed after President Donald Trump unveiled his $500 billion private AI investment project. Earlier this week, Trump announced a joint venture with OpenAI,
Trump announced Tuesday that OpenAI, Softbank and Oracle would join forces to create Stargate, a new company investing $500 billion in AI infrastructure.
The initiative announced by President Donald Trump will aim to "secure American leadership in AI" while also creating jobs and economic benefit.
Last month, Trump announced with SoftBank's Son in Mar-a-Lago that SoftBank would invest $100 billion in US projects over the next four years, creating 100,000 jobs. Those investments will focus on infrastructure that supports AI, including data centers, energy generation, and chips, according to a source.
OpenAI and SoftBank have both committed $19 billion each to the Stargate venture worth $500 billion to build AI data centres in the U.S.
Sam Altman's comments came amid a flurry of online exchanges between himself, Musk, and Microsoft over the $500 billion Stargate Project announced by Trump.