Donald Trump unveils a $100 billion investment in artificial intelligence infrastructure

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Donald Trump is set to unveil billions of dollars in private investments in a massive new AI infrastructure project backed by OpenAI, SoftBank and Oracle.

The joint venture, dubbed Stargate, was about to receive an initial cash infusion of $100 billion from the tech giants, rising to as much as $500 billion over the next four years, according to two people familiar with the matter.

Microsoft was also involved in the project as a technology partner, one of the people said on Tuesday.

Stargate will be announced by the president at the White House on Tuesday afternoon, with SoftBank Chairman Masayoshi Son, OpenAI chief Sam Altman, and Oracle co-founder Larry Ellison in attendance.

The plans, first reported by CBS News, come as tech executives look to impeach Trump, who began a second term in the White House on Monday surrounded by many of the industry’s biggest names.

Stargate aims to enhance the ability to train and operate new Amnesty International Models. It will initially build a data center project in Texas before expanding to other states, people familiar with the plans said.

OpenAI declined to comment, while Microsoft, Oracle, and SoftBank did not respond to requests for comment. Other investors and technology partners are also expected to join the project.

The rapid development of artificial intelligence systems over the past two years has strained US infrastructure, with data centers emerging as a particular bottleneck. Sophisticated models, such as OpenAI’s ChatGPT, Google’s Gemini, and Anthropic’s Claude, require massive amounts of data and computing power to train and run.

This has stimulated discussions between AI executives, their business partners and the government about modernizing national infrastructure.

Earlier this month, Hussain Sajwani, chairman of Dubai-based real estate developer Damac, announced plans to invest at least $20 billion in US data centres, during a meeting with Trump at his Mar-a-Lago resort in Florida.

Leading figures in the AI ​​sector, including OpenAI’s Altman, have argued that better infrastructure is necessary to develop the next stage of AI models and compete with China for dominance of the technology.

Altman said earlier this month that the Trump administration could boost domestic AI companies with “the infrastructure that the United States has built and a lot of it.”

“The thing I strongly agree with the president is that it’s surprising how difficult it is to build things in the United States. Power plants, data centers, anything like that,” he said in an interview with Bloomberg.

In his inaugural address on Monday, Trump promised that the United States is on the verge of an “exciting new era of national success,” though he did not specifically mention artificial intelligence technology.

Last month, Trump contacted a separate bank He promised to invest $100 billion In the United States, “a tremendous show of confidence in America’s future.” It was not clear whether the Stargate investment would form part of SoftBank’s previous pledge.

Additional reporting by Rafieddin and Alex Rogers