The Stargate project is a $500 million AI data center plan for OpenAI

A plan to build an AI data center system was unveiled at a White House press conference, with Masayoshi Son, Sam Altman and Larry Ellison joining Donald Trump to announce the Stargate project. Their companies, Softbank, OpenAI, and Oracle (respectively), along with MGX, have been listed as “seed equity financiers” for $500 billion in investments over the next four years, “to build new AI infrastructure for OpenAI in the U.S. “.

according to Statement from OpenAIArm, Microsoft, NVIDIA, Oracle, and OpenAI are the initial technology partners, with construction “currently underway” in Texas as other sites are evaluated across the country. It also states that “Oracle, NVIDIA, and OpenAI will collaborate closely to build and operate this computing system.”

At a press conference to announce the project, which had been rumored since early last year, Son and Altman spoke directly to Trump, insisting that the project only happened because he won the election.