PYMNTS.com January 21, 2025
President Donald Trump is reportedly set to announce private sector investment of up to $500 billion in artificial intelligence infrastructure.
The investment will come from OpenAI, SoftBank and Oracle, which are planning a joint venture called Stargate, CBS reported Tuesday (Jan. 21).
Executives from the three companies — OpenAI CEO Sam Altman, SoftBank CEO Masayoshi Son and Oracle Chairman and Chief Technology Officer Larry Ellison — are expected at the White House Tuesday afternoon and are expected to announce the plan then, according to the report.
The companies are expected to make an initial commitment of $100 billion and to add a total of up to $500 billion over the next four years, the report said.
Stargate’s first project will...
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