Trump announces $100 billion joint AI infrastructure ‘Stargate’ with OpenAI, SoftBank, and Oracle 

The initiative is poised to revolutionize AI capabilities in the U.S., with potential investments scaling up to $500 billion over four years.

The Stargate venture will focus on constructing massive data centers facilities that house servers to provide the computational power needed for AI advancements. The project will commence with 10 data centers already under construction in Texas.

“This monumental undertaking is a resounding declaration of confidence in America’s potential,” President Trump stated.

The joint venture aligns with President Trump’s promise to accelerate the development of American-made AI technologies to compete with China’s advancements in the field.

It will be funded initially by OpenAI, SoftBank, and Oracle, and will also welcome other investors.

In line with his commitment to fast-track AI development, President Trump on Monday rolled back an executive order issued by former President Joseph R. Biden Jr.

Speaking on Tuesday, Trump pledged to remove barriers for data center construction saying “We’re going to make it as easy as it can be.” 

In a separate discussion at the briefing, President Trump addressed the potential sale of TikTok, expressing support for Elon Musk as a buyer.

When asked if he would be in favour of  Elon Musk buying TikTok, Mr. Trump said,

“I would be, yeah,” he said when asked about Musk’s interest in the app. Then he turned to Mr. Larry Ellison and said Oracle could also purchase TikTok.

“I have the right to make a deal,” Mr. Trump added.

OpenAI has been actively pursuing plans to establish expansive data center campuses globally to meet the growing computational demands of its advanced AI tools, including ChatGPT.

However, concerns arose among U.S. officials about the potential risks of developing critical technology abroad, particularly in the Middle East. These concerns prompted OpenAI to redirect its focus toward expanding data center infrastructure within the United States, ensuring that such developments align with national security and economic interests.