Trump lauded the up to $500 billion partnership with OpenAI, Oracle, and SoftBank to build out data centers and electricity generation in Texas for AI.

Oracle chairman and chief technology officer Larry Ellison joins President Trump to discuss the U.S. Stargate investment.

U.S. President Donald Trump on Tuesday announced private sector investment of up to $500 billion to fund artificial intelligence infrastructure. OpenAI, SoftBank and Oracle plan a Texas-based joint venture called Stargate,

Trump was joined by Oracle founder Larry Ellison, OpenAI CEO Sam Altman, and SoftBank CEO Masayoshi Son, who said the investment would start with $100 billion, plus a goal of $500

SoftBank, OpenAI, and Oracle are launching a $500 billion joint venture named Stargate to fund AI infrastructure in the U.S. The initiative, praised by President Trump, aims to deploy $100 billion immediately for projects like data centers and cancer research.

OpenAI has announced a partnership with Japanese conglomerate SoftBank and tech giant Oracle to build several AI-focused data centers in the US. The effort, dubbed The Stargate Project, will start with a major data center in Texas and then expand to other states.