OpenAI, SoftBank, and Oracle Unveil $500 Billion ‘Stargate Project’ for Advanced AI Infrastructure

OpenAI, along with SoftBank, Oracle, and in collaboration with the White House, announced on Tuesday the Stargate Project, a joint venture backed by up to $500 billion to build infrastructure for developing advanced AI technologies in the United States within the next four years.

According to OpenAI, the Stargate Project will support national security and re-industrialization in the country. OpenAI, SoftBank, Oracle, and MGX are the initial equity funders. SoftBank CEO Masayoshi Son will chair the new venture, as the Japanese company will assume financial responsibility, while OpenAI will focus on operational duties.

U.S. President Donald Trump publicly backed the project in a public announcement during a press conference along with Masayoshi Son, OpenAI’s CEO Sam Altman, and Oracle’s Chief Technology Officer Larry Ellis.

Trump described Stargate as “the largest AI infrastructure project by far in history,” and acknowledged the fierce competition in the market. He said the new company should soon create over 100,000 jobs in the U.S.

“We will begin deploying $100 billion immediately,” wrote OpenAI in a public announcement. “This infrastructure will secure American leadership in AI, create hundreds of thousands of American jobs, and generate massive economic benefit for the entire world.”

The infrastructure construction will begin in Texas and will count on other major tech companies like Microsoft, Nvidia, and Arm as key initial technology partners.

Microsoft and OpenAI have also announced updates on their business relationships. According to Microsoft’s press release, some key terms have changed.

While Microsoft and OpenAI will keep working together—even though Microsoft included OpenAI in its competitor’s list—, Microsoft is no longer the company’s exclusive cloud provider, and OpenAI could reach out to other companies if the reach computing capacity.