Tech Leaders Pledge Up to $500 Billion in AI Investment in U.S.
SUMMARY
Prominent tech leaders, including OpenAI CEO Sam Altman, SoftBank CEO Masayoshi Son, and Oracle co-founder Larry Ellison, have announced a massive $500 billion investment in U.S. artificial intelligence infrastructure through a new joint venture, Stargate. Unveiled at a White House ceremony with President Trump, Stargate will build AI-focused data centers across the country, starting with a Texas facility already under construction. The project, spearheaded by OpenAI and SoftBank, has received an initial $100 billion commitment from partners Oracle, MGX (a UAE-backed investor), and others. While the precise financial contributions remain unclear, SoftBank will finance the venture, and OpenAI will oversee operations. Stargate aims to attract additional investors and raise further debt financing. Key technology partners include Microsoft, Nvidia, and Arm Holdings, underscoring Silicon Valley's and government officials’ faith in AI as a cornerstone of the future U.S. economy.
