Japanese tech giant SoftBank Group Corp. as well as OpenAI and Oracle Corp. will form a new company that will invest at least $500 billion on artificial intelligence infrastructure in the United States, President Donald Trump announced Tuesday, saying it would bring a massive number of jobs to the country.
The investment, under what is called the Stargate Project, will be made over the next four years, building new AI infrastructure for OpenAI, according to a statement released by SoftBank Group and OpenAI, the U.S. developer of the widely used AI chatbot ChatGPT.
At a press conference in the White House, Trump said “the largest AI infrastructure project by far in history” will ensure “the future of technology,” while also citing China as a “competitor.”
U.S. President Donald Trump (far L) speaks at the White House in Washington on Jan. 21, 2025, as Softbank CEO Masayoshi Son, Oracle chief technology officer Larry Ellison and Open AI CEO Sam Altman, listen. (AP/Kyodo)
“It’s all taking place right here in America,” he said, adding it will create “over 100,000 American jobs.”
The companies said in a joint statement, “This project will not only support the re-industrialization of the United States but also provide a strategic capability to protect the national security of America and its allies.”
The massive investment plan came after Trump and SoftBank Group CEO Masayoshi Son said last month that the Japanese technology giant had committed to investing $100 billion in U.S. projects, centering on AI and other emerging technologies, over the next four years.
Speaking at the press conference alongside Trump, Son said Tuesday, “This is the beginning of golden age of America,” while adding jokingly that he increased his investment amount after Trump asked him to double it to $200 billion.
The initial equity funders in Stargate are SoftBank, OpenAI, Oracle and MGX, an AI and advanced technology investor.
SoftBank and OpenAI are the lead partners for Stargate, with SoftBank having financial responsibility and OpenAI having operational responsibility, the two companies said. Son will be the chairman, they said.
Microsoft Corp. and Nvidia Corp. will also join the project as technological partners, with a plan under consideration to build data centers for the development of AI, they said.
SoftBank Group in recent years has been focusing on AI as the centerpiece of its business strategy, promoting the use of the technology across countries and industries through its influential British chip-designing subsidiary Arm Holdings PLC, while boosting investments in startups in the sector, such as OpenAI.
At its annual shareholders’ meeting in June last year, Son vowed to realize AI thousands of times smarter than humans within the next 10 years, saying he was “born to” create artificial superintelligence.
Related coverage:
Trump taps ex-investment banker Glass as U.S. ambassador to Japan
Read More: SoftBank, OpenAI, Oracle to invest $500 billion on AI in U.S.: Trump
