President Donald Trump talked up a joint venture investing up to $500 billion for infrastructure tied to AI by a new partnership formed by OpenAI, Oracle and SoftBank.

SoftBank Group Corp., OpenAI, and Oracle Corp. are forming a $100 billion joint venture to fund artificial intelligence infrastructure, an effort unveiled with President Donald Trump aimed at speeding development of the emerging technology.

Masayoshi Son of SoftBank, Sam Altman of OpenAI and Larry Ellison of Oracle joined Trump for the $500 billion announcement.

The $500 billion Stargate Initiative — led by Trump, OpenAI, SoftBank, and Oracle — is set to revolutionize U.S. AI infrastructure.

US President Donald Trump on Tuesday announced a major investment to build infrastructure for artificial intelligence (AI) led by Japan’s Softbank Group Corp, cloud giant Oracle Corp and ChatGPT-maker OpenAI.

Oracle Corp. ORCL co-founder Larry Ellison unveiled plans for an ... a joint venture between Oracle, OpenAI, and SoftBank Group. The project will establish massive data centers across the United ...

The rise of artificial intelligence, the digitization of the economy and everyday life’s growing computing needs have turbocharged the expansion of data centers, driving up a surge in electricity demand in Texas and across the country.

Sam Altman, OpenAI CEO, speaks as President Donald Trump, left, Masayoshi Son, SoftBank Group CEO, third from left, and, Larry Ellison, chairman of Oracle Corporation and chief technology officer ...

During a press conference on Tuesday afternoon, President Donald Trump floated the idea of Elon Musk or Larry Ellison purchasing TikTok, while also proposing that the U.S. government take a significant share of the transaction.

Masayoshi Son, SoftBank Group CEO, from left, Larry Ellison, chairman of Oracle Corporation and chief technology officer, and Sam Altman, OpenAI CEO listen to President Donald Trump in the ...

(Bloomberg) -- SoftBank Group Corp., OpenAI ... OpenAI’s Sam Altman and Oracle’s Larry Ellison. The joint venture will deploy $100 billion “immediately” and have a goal of increasing ...

Sam Altman, OpenAI CEO, speaks to President Donald Trump, SoftBank Group CEO Masayoshi Son, and Oracle chairman Larry Ellison at the White House, on Jan. 21, 2025. (AP Photo/Julia Demaree ...