OpenAI, Oracle, SoftBank, and MGX are joining forces to launch the largest AI initiative in US history. “The Stargate Project” officially received a green light from the White House, and it intends to invest $500 billion in building new artificial intelligence infrastructure in the U.S. over the next four years.
Stargate is a joint venture between the American tech giants OpenAI and Oracle, the Japanese investment holding company SoftBank, and the Emirati sovereign wealth fund MGX. In addition to OpenAI and Oracle, Arm, NVIDIA and Microsoft will also provide the technology for this project to go forward.
According to Open AI’s official statement, “this infrastructure will secure American leadership in AI, create hundreds of thousands of American jobs, and generate massive economic benefit for the entire world,” in addition to “not only [supporting] the re-industrialization of the United States but also [providing] a strategic capability to protect the national security of America and its allies.”
Stargate is officially moving forward after receiving the green light from the newly-appointed president, Donald Trump, who described it as “the largest AI infrastructure project by far in history.” A first injection of $100 billion will start “immediately”, and the partners are planning to invest up to $500 billion over the next four years to build new data centers data and create more than 100,000 jobs in the United States.