Trump to announce $500 billion private sector AI infrastructure investment

President Donald Trump is due to announce private sector investment of up to $500 billion of artificial intelligence infrastructure on Tuesday, two sources told Reuters.

OpenAI, SoftBank and Oracle plan a joint venture called Stargate, and have committed $100 billion initially and then up to $500 billion into Stargate over the next four years, the sources said.

CBS first reported the expected announcement.

SoftBank CEO Masayoshi Son, OpenAI’s Sam Altman and Oracle’s Larry Ellison are due at the White House on Tuesday, according to the CBS report.

Oracle and SoftBank did not immediately respond to requests for comment.

Oracle shares were up 6% on the reports. Nvidia, Arm Holdings and Dell shares also rose.

In March 2024, The Information, a technology news website, reported OpenAI and Microsoft were working on plans for a $100 billion data center project that would include an artificial intelligence supercomputer also called “Stargate” set to launch in 2028. It was not immediately clear if the announcement was an update to this previously reported venture.

Investment in AI has surged since OpenAI launched ChatGPT in 2022, as companies across sectors seek to integrate artificial intelligence into their products and services. AI requires enormous computing power, pushing demand for specialized data centers that enable tech companies to link thousands of chips together in clusters.

—Costas Pitas and Anna Tong, Reuters

https://www.fastcompany.com/91264780/trump-500-billion-private-sector-ai-infrastructure-investment?partner=rss&utm_source=rss&utm_medium=feed&utm_campaign=rss+fastcompany&utm_content=rss

Created 7mo | Jan 22, 2025, 12:50:09 AM


Login to add comment

Other posts in this group

How crypto billionaires took over Trump’s political machine

Last week, President Donald Trump’s super PAC revealed that it has an unsettling amount of cash on hand for a president who is, his

Aug 7, 2025, 11:40:07 AM | Fast company - tech
RushTok is back. TikTok still can’t get enough of sorority recruitment

The internet’s favorite programming is back on: #RushTok season is officially upon us. 

If this is your first time tuning in, “rush” is the informal name for the recruitment process

Aug 7, 2025, 7:10:02 AM | Fast company - tech
Instagram launches map feature. It looks a lot like Snap Map

Location sharing among friends, family, and significant others has quietly become the norm in recent years.

Now Instagram is looking for a piece of the action with the launch of a

Aug 7, 2025, 12:10:05 AM | Fast company - tech
WhatsApp removes 6.8 million accounts linked to scam centers

WhatsApp has taken down 6.8 million accounts that were “linked to criminal scam centers” target

Aug 6, 2025, 9:40:06 PM | Fast company - tech
Google wants you to be a citizen data scientist

For more than a decade, enterprise teams bought into the promise of business intelligence platforms delivering “decision-making at the speed of thought.” But most discovered the opposite: slow-mov

Aug 6, 2025, 7:30:04 PM | Fast company - tech
Apple to invest another $100 billion in the U.S.

President Donald Trump on Wednesday is expected to celebrate at the White House a commitment by

Aug 6, 2025, 7:30:03 PM | Fast company - tech
Character.AI launches social feed to let users interact, create, and share with AI personas

Character.AI is going social, adding an interactive feed to its mobile apps. 

Rolled out on Monday, the new social feed may initially look similar

Aug 6, 2025, 5:10:05 PM | Fast company - tech