President Donald Trump announced today the launch of “Project Stargate,” a monumental $500 billion investment in artificial intelligence (AI) infrastructure.
This initiative is a collaborative effort with industry titans OpenAI, SoftBank Group Corp., and Oracle Corp., aiming to establish state-of-the-art data centers and related infrastructure projects across the nation.
The announcement, made at the White House, highlighted the project’s potential to create over 100,000 American jobs, with an initial $100 billion investment set to commence immediately.
President Trump emphasized that this venture would not only bolster the economy but also position the United States at the forefront of AI advancements, countering competitive pressures from nations like China.
Trump:
It’s my honor to welcome three of the world’s leading technology CEOs. And in the case of Larry—Larry Ellison—it’s well beyond technology; he’s CEO of everything. He’s an amazing man, an amazing business person. But to announce the largest AI infrastructure project, by far, in history—and it’s all taking place right here in America.
As you know, there’s great competition for AI and other things, and they’re coming in at the highest level. We’re joined by Oracle Executive Chairman Larry Ellison; SoftBank CEO, my friend Masayoshi Son; and CEO of OpenAI—and I would say by far the leading expert, based on everything I read—Sam Altman.
That’s great that you’re coming in together. That’s a massive group of talent and money. Together, these world-leading technology giants are announcing the formation of Stargate. So put that name down in your books because I think you’re going to hear a lot about it in the future—a new American company that will invest $500 billion, at least, in AI infrastructure in the United States, and very quickly—moving very rapidly—creating over 100,000 American jobs almost immediately.
This monumental undertaking is a resounding declaration of confidence in America’s potential under a new president… It will ensure the future of technology. What we want to do is—we want to keep it in this country.
China is a competitor, and others are competitors. We want it to be in this country, and we’re making it available.