Project Stargate will see companies like Oracle, SoftBank, MGX, and OpenAI commit an initial $100 billion to build data centers in the U.S.

Stargate, a joint venture between Open AI, Oracle, and SoftBank, will invest $500 billion in building AI infrastructure across the U.S.

President Donald Trump and the heads of Japan's Softbank, Oracle Corporation, and OpenAI announced the Stargate project at the White House. These giants will invest up to $500 billion to build data centres and infrastructure necessary for the development of artificial intelligence.