US President-elect Donald Trump looks on as SoftBank CEO Masayoshi Son delivers remarks at Trump’s Mar-a-Lago resort on December 16, 2024 in Palm Beach, Florida.
Andrew Harnik | Getty Images
President Donald Trump will announce a joint venture with OpenAI on Tuesday, Oracle and Softbank to invest billions of dollars in AI infrastructure in the United States, CNBC’s Eamon Javers and NBC News’ Peter Alexander report.
The project, called Stargate, will be presented at the White House by Trump, Softbank CEO Masayoshi Son and executives from Oracle and OpenAI, according to sources familiar with the plan.
Companies are expected to commit an initial $100 billion and up to $500 billion to the project over the next four years, according to CBS Newswho first published details of the expected announcement.
Stargate’s first joint venture will be a data center in Texas, CBS reported.
Softbank The son has already announced himself a four-year, $100 billion investment in artificial intelligence in the United States in December, when he visited then-President Trump’s Mar-a-Lago resort.
It was not immediately clear whether the expected investment announced Tuesday would be in addition to Son’s previous pledge.
This is news in development. Check again for updates.
— NBC News’ Peter Alexander contributed to this report
