President Donald Trump announced Tuesday that three major tech executives are teaming up to invest half a trillion dollars in American artificial intelligence infrastructure.
Trump revealed the substantial investment at the White House, where Oracle Board Chair and CTO Larry Ellison, SoftBank CEO Masayoshi Son, and OpenAI CEO Sam Altman joined him.
“We’re starting off with tremendous investment coming into our country at levels that nobody’s really ever seen before, and they’re very happy with the fact that I won the race and that they feel confident in their investments; and it’s big money and high-quality people,” Trump said.
🚨 BREAKING: President Donald J. Trump announces the formation of 'Stargate,' the largest AI infrastructure project in American history
— Trump War Room (@TrumpWarRoom) January 21, 2025
This project will invest $500 BILLION into the U.S. economy and create over 100,000 American jobs.
PROMISES MADE. PROMISES KEPT. pic.twitter.com/xjkPLO6Oj0
Trump said that Ellison, Son, and Altman are making “the largest AI infrastructure project by far in history, and it’s all taking place right here in America.”
The men are creating a company called “Stargate.”
Stargate “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,” Trump said.