Trump announces $500B AI investment

President Trump announced a multi-billion dollar investment today from private tech companies to develop artificial intelligence infrastructure in the United States, calling it the “largest AI infrastructure project” in American history.

The joint venture from OpenAI, Softbank and Oracle, called “Stargate,” will commit $500 billion in AI infrastructure investments, including “colossal data centers” and energy development in the U.S. Trump was joined by OpenAI’s Sam Altman, Oracle’s Larry Ellison and Softbank’s Masayoshi Son in his announcement on Tuesday.

AI development is a significant part of the Trump administration’s tech policy proposals, seeking to advance growth in not just the technology itself, but the data centers and energy capabilities it requires.

“I’m going to help a lot through emergency declarations, because we have an emergency, we have to get this stuff built,” Trump said. “They have to produce a lot of electricity, and we’ll make it possible for them to get that production done very easily as their own plants, if they want.”

Ellison, Oracle’s chief technology officer, detailed that they would be building 10 data centers in Texas, with plans to expand to 20 data centers in the future.

The tech executives said the joint investments couldn’t have happened without Trump, and highlighted the benefits of AI in health care.

“I believe that as this technology progresses, we will see diseases get cured at an unprecedented rate,” Altman said.