Trump Announces Multi-Billion-Dollar AI Investment Plan To Boost U.S. Tech Infrastructure

Benzinga

President Trump announced a multi-billion-dollar private sector investment to develop artificial intelligence infrastructure in the U.S. The president revealed a new joint venture called Stargate involving OpenAI, SoftBank, and Oracle. The initiative aims to build ten data centers in Texas and expand nationwide. SoftBank CEO Masayoshi Son, OpenAI's Sam Altman, and Oracle's Larry Ellison confirmed the companies’ commitment to invest $500 billion over four years. Altman described the project as the most important of this era.

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00:00It's Benzinga bringing Wall Street to Main Street.

00:02President Trump announced a multi-billion dollar private sector investment to develop

00:06artificial intelligence infrastructure in the U.S. The president revealed a new joint

00:11venture called Stargate involving OpenAI, SoftBank, and Oracle. The initiative aims

00:16to build 10 data centers in Texas with plans to expand nationwide. SoftBank CEO Masayoshi Sen,

00:24OpenAI's Sam Altman, and Oracle's Larry Ellison confirmed the company's commitment

00:29to invest $500 billion over four years. Altman described the project as the most

00:34important of this era. For all things money, visit Benzinga.com slash GSTV.

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