President Trump is set to announce a $100 billion joint venture named Stargate between OpenAI, SoftBank, and Oracle aimed at enhancing the U.S.'s AI computing infrastructure. This initiative, which could eventually reach $500 billion in investments, includes the creation of data centers, starting with one in Texas. The joint venture highlights Trump's commitment to bolster American AI capabilities to compete globally, particularly against China, while a rollback of previous regulations on AI use is also part of his administration's strategy. Key leaders of the involved companies will attend the announcement.
The venture, called Stargate, adds to tech companies' significant investments in U.S. data centers, huge buildings full of servers that provide computing power.
Mr. Trump has promised to accelerate the production of American-made A.I. to compete against China for global leadership in the technology.
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