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US tech giants announce AI plan worth up to $500bn

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  • Post last modified:January 22, 2025

OpenAI is teaming up with Oracle and Softbank to build data centers equipped to power artificial intelligence (AI), with plans to invest $100bn “immediately”. Flanked by the bosses of the three companies at the White House, US President Donald Trump said the plan is a “resounding declaration of confidence in America’s potential”. OpenAI has previously called for major investments in infrastructure to support AI and pushed for government support of those plans. The ChatGPT-creator and Softbank said the joint venture, dubbed Stargate, intends to invest $500bn over the next four years.

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