CBS News reports:
President Trump is set to announce billions of dollars in private sector investment to build artificial intelligence infrastructure in the United States, CBS News has learned.
OpenAI, Softbank and Oracle are planning a joint venture called Stargate, according to multiple people familiar with the deal. SoftBank CEO Masayoshi Son is expected at the White House Tuesday afternoon, along with Sam Altman of OpenAI and Larry Ellison of Oracle.
Executives from the companies are expected to say they plan to commit $100 billion initially and pour up to $500 billion into Stargate over the next four years. Other details of the new partnership were not immediately available.
Read the full article. You will recall that Trump’s much-heralded $10 billion FoxConn factory never happened. The site is still an empty lot. Video below is live.
Live: President Trump, OpenAI CEO Sam Altman, the CEO of SoftBank Group and an Oracle Corp. chairman are expected to announce the creation of a new company that would invest up to $500B over the next four years in AI infrastructure. https://t.co/H3nWjzVOe0 https://t.co/B2Y3s7EI5u
— NewsNation (@NewsNation) January 21, 2025
What are the chances the new data center in Texas will directly help Elon’s Texas campus? 🤔
Trump to announce up to $500 billion in private sector AI infrastructure investment – CBS News https://t.co/ssTjZBXvc2 pic.twitter.com/bZU6riIoTf
— NW Pete (@ptv1024) January 21, 2025
Trump’s infrastructure plan is coming faster than the left can invent reasons to oppose it. Day 2, and he’s already rebuilding what Biden couldn’t fix in 4 years. 😂pic.twitter.com/Tu0jyOcyeV
— Ethan Townsend (@TheEthanCode) January 21, 2025