OpenAI, Softbank, and Oracle will be part of a public-private partnership with the Trump White House called Stargate.
The heads of the tech firms plan to invest up to $500 billion over four years, in building AI infrastructure across the United States. This means data centers. Massive buildings designed to collect and process data. Running these centers requires huge amounts of water and energy.
SoftBank CEO Masayoshi Son, Sam Altman of OpenAI, and Larry Ellison of Oracle appeared at the White House on Tuesday afternoon with President Trump to announce the launching of Stargate.
Trump, standing with the three tech CEOs at the White House, said he would invoke “emergency declarations” to help speed up the Stargate project.
“I’m going to help a lot through emergency declarations,” he said. “Because we have an emergency and we need a lot of help. We need energy generation and they will build their own.”
He said Stargate will build the infrastructure to power the “next generation of AI and this will include data centers. Massive facilities…These are big beautiful buildings.”
He said a team is already scouting the nation for sites on which to build new data centers, adding:
“This is to me a very big deal. It could lead to something that could be the biggest of all.”
Larry Ellison talked about combining the forces of AI and mRNA gene therapy to create a “cancer vaccine.”
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