‘Big Money and High Quality People’: Stargate Joint Venture to Invest in U.S. AI Infrastructure
Maria Nițu
By Josh Boak and Zeke Miller / AP January 21, 2025 10:40 PM EST WASHINGTON — President Donald Trump on Tuesday talked up a joint venture investing up to $500 billion for infrastructure tied to artificial intelligence by a new partnership formed by OpenAI, Oracle and SoftBank. The new entity, Stargate, will start building out data centers and the electricity generation needed for the further development of the fast-evolving AI in Texas, according to the White House. The initial investment is
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