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Donald Trump is set to unveil billions of dollars in private investments in a massive new AI infrastructure project backed by OpenAI, SoftBank and Oracle.
The joint venture, dubbed Stargate, was about to receive an initial cash infusion of $100 billion from the tech giants, rising to as much as $500 billion over the next four years, according to two people familiar with the matter. Microsoft was also involved in the project, one of the people said on Tuesday.
Stargate will be announced by the president at the White House on Tuesday afternoon, with SoftBank Chairman Masayoshi Son, OpenAI chief Sam Altman, and Oracle co-founder Larry Ellison in attendance.
The plans, first reported by CBS News, come as tech executives look to impeach Trump, who began a second term in the White House on Monday surrounded by many of the industry's biggest names.
Stargate aims to enhance the ability to train and operate new AI models. It will initially build a data center project in Texas before expanding to other states, people familiar with the plans said.
OpenAI declined to comment, while Microsoft, Oracle, and SoftBank did not respond to requests for comment.
This is a developing story
