OpenAI, Oracle, SoftBank, and MGX announced a $500 billion investment plan for building AI infrastructure in America over the next four years, primarily through a new venture called The Stargate Project. The initiative begins with an immediate investment of $100 billion and aims to establish data centers, with initial locations in Texas. The collaboration intends to bolster American leadership in AI, create numerous jobs, and stimulate economic growth, while financial oversight will be managed by SoftBank's Masayoshi Son. The project follows a shift in regulatory focus under the current administration, allowing for robust development in AI technologies.
We will begin deploying $100 billion immediately. This infrastructure will secure American leadership in AI, create hundreds of thousands of American jobs, and generate massive economic benefit for the entire world.
The data centers are actually under construction. The first of them are under construction in Texas. Each building is half a million square feet.
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