Trump AI investments from OpenAI, Oracle, Softbank

President Donald Trump announced the creation of a joint venture on Tuesday with OpenAI, Oracle and Softbank invest billions of dollars artificial intelligence infrastructure in the United States.

The project, called Stargate, was presented on The White House Trump, Softbank CEO Masayoshi Son, OpenAI CEO Sam Altman, and Oracle co-founder Larry Ellison.

Executives have committed to invest $100 billion initially and up to $500 billion over the next four years in the project, which will be created as a standalone company.

“What we want to do is keep it in this country,” Trump said of artificial intelligence, noting that China is a major competitor in the nascent industry.

Stargate’s first joint venture will be building data centers in Texas, which is already underway, Ellison said in the Roosevelt Room.

OpenAI later said in an X post that the project “will not only support the reindustrialization of the United States, but also provide a strategic capability to protect the national security of America and its allies.”

Softbank’s son will serve as chairman of Stargate, while semiconductor company Arm, Microsoft, NVIDIA, Oracle and OpenAI will be “key initial technology partners,” OpenAI said in a statement.

The son has already announced four-year, $100 billion investment in artificial intelligence in the U.S. in December when he visited then-President Trump’s Mar-a-Lago resort.

At the time, Trump joked that he had forced Son to increase his commitment to $200 billion.

“Now I’m back with $500 (billion) dollars,” Sohn quipped at the White House on Tuesday.

In his speech, Trump suggested that the $500 billion amount would be separate from Son’s previous pledge.

“The $500 billion Stargate project is in addition to a separate promise of $100 billion to $200 billion, as we know, from Massa,” Trump said.

— Peter Alexander of NBC News contributed to this report