Trump AI investment with OpenAI, Oracle, Softbank

President Donald Trump announced on Tuesday a joint venture with OpenAI, Oracle and Softbank to invest billions of dollars in artificial intelligence infrastructure in the United States.

The project, called Stargate, was unveiled at the White House from Trump, Softbank CEO Masayoshi Son, OpenAI CEO Sam Altman and Oracle co-founder Larry Ellison.

The leaders are committed to investing an initial $ 100 billion and up to $ 500 billion in the next four years in the project, which will be set up as a separate company.

“What we want to do is we want to keep it in this country,” Trump said of AI, noting that China is a major competitor in the nascent industry.

Stargate’s first joint venture will be to build data centers in Texas — an effort that is already underway, Ellison said in the Roosevelt Room.

OpenAI later said in an X post that the project “will not only support the reindustrialization of the United States, but also provide a strategic capability to protect the national security of America and its allies.”

Softbank’s Son will be the chairman of Stargate, while semiconductor company Arm, Microsoft, NVIDIA, Oracle and OpenAI will be “key early technology partners,” OpenAI said in the post.

Child already announced a four-year, $100 billion AI investment in the United States in December when he visited President-elect Trump’s Mar-a-Lago resort.

At the time, Trump joked that he had pressured Figlio to increase his pledge to $200 billion.

“Now I’m back with $500 [billion]” the son joked at the White House on Tuesday.

In his remarks, Trump suggested that the $500 billion figure would be separate from Son’s previous pledge.

“The $500 billion Stargate project comes in addition to a separate commitment, between $100 and $200 billion, from, as we know, from Masa,” Trump said.

— Peter Alexander of NBC News contributed to this report