OpenAI CEO Sam Altman, SoftBank CEO Masayoshi Son and Oracle Chairman Larry Ellison joined President Donald Trump at the White House to announce the creation of a new company, Stargate, which, according to Trump is the “largest AI infrastructure project in history.”
The company will be dedicated to growing artificial intelligence infrastructure in the U.S. Each of Stargate’s founding members will invest $100 billion initially, followed by $500 billion in the coming years. Trump predicts that the project will create 100,000 U.S. jobs.
At the Whitehouse on Tuesday, President Trump confirmed that the group’s first, one million-square-foot data project is already under construction in Texas.
Speaking at the Whitehouse, Altman said, “I think this will be the most important project of this era. We wouldn’t be able to do this without you, Mr. President.”
In an earlier interview, Altman stated, “Infrastructure in the United States is super important, AI is a little bit different from other kinds of software in that it requires massive amounts of infrastructure, power, computer chips, data centers, and we need to build that here and we need to be able to have the best AI infrastructure in the world to be able to lead with the technology and the capabilities.”
In a statement to investors, Oracle said Stargate “will secure American leadership in AI, create hundreds of thousands of American jobs, and generate massive economic benefit for the entire world. This project will not only support the re-industrialization of the United States but also provide a strategic capability to protect the national security of America and its allies.”
By CEO NA Editorial Staff
