| Company type | Joint venture |
|---|---|
| Industry | Artificial intelligence |
| Founded | January 21, 2025; 1 day ago (2025-01-21) |
| Founders | |
| Headquarters | United States |
| Area served | Worldwide |
| Key people | Masayoshi Son (chairman) |
| Owner |
The Stargate Project is an American artificial intelligence (AI) joint venture created by OpenAI, SoftBank, Oracle and MGX. The venture plans on investing up to $500 billion in AI infrastructure in the United States by 2029. It was announced on January 21, 2025, by the US president Donald Trump. Masayoshi Son will be the venture's chairman.
History
The venture was announced at a White House press conference on January 21, 2025, by President Donald Trump, with Sam Altman from OpenAI, Larry Ellison from Oracle and Masayoshi Son from SoftBank accompanying him. Trump called it "the largest AI infrastructure project in history", indicating that he would use emergency declarations to expedite the project's development, particularly regarding energy infrastructure. The venture was started with an investment of $100 billion and that may rise to $500 billion by 2029.
The venture is currently building 10 data centers in Abilene, Texas, and will later expand to more states, with Trump saying that he will use executive orders to help build the venture's infrastructure. The new venture claims that it will create more than 100,000 jobs in the United States. Altman has said that SoftBank will have the "financial responsibility" of the venture and OpenAI will have the "operational responsibility". Arm, Microsoft, Nvidia, Oracle, and OpenAI are the key initial technology partners.
OpenAI and Microsoft started developing an AI supercomputer, "Stargate" in 2024.
References
- "Announcing The Stargate Project". openai.com. Retrieved January 21, 2025.
- "OpenAI, SoftBank, Oracle to invest $500 bln in AI, Trump says". Reuters. Retrieved January 22, 2025.
- Jacobs, Jennifer (January 21, 2025). "Trump announces up to $500 billion in private sector AI infrastructure investment - CBS News". www.cbsnews.com. Retrieved January 21, 2025.
- ^ Habeshian, Sareen (January 21, 2025). "Trump announces billions in private sector AI investment". Axios. Retrieved January 21, 2025.
- Gedeon, Joseph (January 21, 2025). "Trump unveils $500bn joint AI venture between OpenAI, Oracle, and SoftBank". The Guardian. Retrieved January 21, 2025.
- ^ "Trump Announces Project Stargate, a Massive New Investment in AI". Inc.com. January 21, 2025. Retrieved January 21, 2025.
- Comment, Sebastian Moss (January 21, 2025). "OpenAI announces 'The Stargate Project': $500bn over four years on AI infrastructure". www.datacenterdynamics.com. Retrieved January 21, 2025.