OpenAI and SoftBank on Tuesday said they would launch a massive US artificial intelligence infrastructure project, in a move Donald Trump lauded as a “declaration of confidence in America”.
The joint venture, dubbed Stargate, plans to spend $100bn on Big Tech infrastructure projects, with the figure rising to as much as $500bn over the next four years, the groups said. It was not immediately clear how Stargate would obtain funding, but one person involved in the project said they intended to bring on additional investors.
“This monumental undertaking is a resounding declaration of confidence in America’s potential under a new president,” Trump said from the White House on Tuesday evening, flanked by SoftBank chair Masayoshi Son, OpenAI chief Sam Altman and Oracle co-founder Larry Ellison.