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Today: April 17, 2025

OpenAI, SoftBank, Oracle to invest $500 billion in AI, Trump says

U.S. President Trump delivers remarks on Ai infrastructure at the Roosevelt room at White House in Washington
January 21, 2025
Reuters - Reuters

(Reuters) - President Donald Trump on Tuesday announced that three leading companies would make a large investment in artificial intelligence infrastructure.

OpenAI, SoftBank (9984.T), and Oracle (ORCL.N) will form a joint venture called Stargate, with a plan to invest $500 billion, Trump said at the White House.

Trump said he will help facilitate the project with emergency orders.

OpenAI, SoftBank, Oracle to invest $500 billion in AI, Trump says
U.S. President Trump delivers remarks on Ai infrastructure at the Roosevelt room at White House in Washington

(Reporting by Steve Holland; Writing by Ryan Patrick Jones)

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