On December 16, 2024, US President-elect Donald Trump watched SoftBank CEO Masayoshi Son deliver a speech at Trump’s Mar-a-Lago resort in Palm Beach, Florida.
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President Donald Trump A joint venture with OpenAI will be announced on Tuesday, Oracle and SoftBank According to CNBC’s Eamon Javers and NBC News’ Peter Alexander, billions of dollars will be invested in artificial intelligence infrastructure in the United States.
According to people familiar with the matter, the project, called “Stargate,” will be unveiled at the White House by Trump, SoftBank CEO Masayoshi Son, and executives from Oracle and OpenAI.
According to reports, the two companies expect to invest $100 billion in initial funding and up to $500 billion in funding for the project over the next four years. cbs newsthe company first reported details of the expected announcement.
According to CBS, Stargate’s first joint venture will be a data center in Texas.
SoftBank’s The son has been announced In December, when he visited then-President-elect Trump’s Mar-a-Lago resort, he launched a four-year, $100 billion investment in artificial intelligence in the United States.
It was unclear whether the expected investments announced on Tuesday were in addition to Son’s previous commitments.
This is developing news. Please check back for updates.
—NBC News’ Peter Alexander contributed to this report
