The initiative announced by President Donald Trump will aim to "secure American leadership in AI" while also creating jobs and economic benefit.

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.

The top tech companies Tuesday announced that they will create a new company, called Stargate, to grow artificial intelligence infrastructure in the United States. OpenAI CEO Sam Altman has shown support for Donald Trump,

Elon Musk doesn’t miss an opportunity to take a dig at OpenAI — even when the news item in question is supposed to be favorable to President Trump. Just a few hours after yesterday’s White House presser on The Stargate Project wrapped up, Musk posted on X that “they don’t actually have the money.”

The Trump administration will ease the way for OpenAI, Oracle, MGX, and SoftBank to build a generative AI computing system.

President Trump hosted executives from Softbank, OpenAI and Oracle at the White House Tuesday to announce “Stargate,” a $500BN private-sector plan to build new AI data centers.

Elon Musk said on Wednesday that the key backers of President Donald Trump's $500 billion AI project do not actually have the the capital to match their promised investments.

A new company called Stargate, which combines some of the largest names in the artificial intelligence industry, was announced by President Donald Trump.

The $500 billion Stargate project will be critical to "maintain American leadership in AI," one of the partners said in a statement.