To increase artificial intelligence infrastructure in the US, OpenAI is forming a new firm called Stargate in collaboration with Oracle and the Japanese giant SoftBank.

Oracle chairman Larry Ellison, SoftBank CEO Masayoshi Son, and OpenAI CEO Sam Altman joined President Donald Trump at the White House on Tuesday afternoon to announce the business, which Trump referred to as the "largest AI infrastructure project in history."

Over the following four years, the executives pledged to invest up to $500 billion in the initiative, including an initial investment of $100 billion. According to Trump, the project will generate employment of 100,000 in the United States. Texas will host the first data center constructed as part of the plan. After that, it will spread to other states.

Chipmakers Arm and Nvidia, investor MGX, and tech partner Microsoft are also collaborating in Stargate. Oracle has an agreement with OpenAI to provide AI computer resources, and SoftBank is an investor in OpenAI. Since 2016, Son and Trump have maintained a tight working connection. Additionally, when visiting the Mar-a-Lago resort in December, the CEO of SoftBank promised a $100 billion, four-year AI investment in the United States.

The move came only hours after Trump revoked a 2023 directive issued by former President Joe Biden that called for the creation of safety guidelines and watermarking for information produced by artificial intelligence, among other things.