The project will entail a joint venture between Oracle, Open AI and Softbank with the promise of investing nearly $500 billion into artificial intelligence infrastructure over the next four years. Other partners also include Nvidia, Microsoft and ARM— companies that have all been paramount to the significant AI boom in recent years.

President Trump is announcing the Stargate AI program that includes up to $500 billion in investment from Oracle, OpenAI, and SoftBank

OpenAI has announced the launch of Project Stargate, a $500 billion AI infrastructure plan to create jobs and secure U.S. dominance in AI.