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The Stargate Project
The Stargate Project is an American artificial intelligence (AI) joint venture created by OpenAI, SoftBank, Oracle and investment firm MGX.[1] The venture plans on investing up to $500 billion in AI infrastructure in the United States by 2029. It has been planned since 2022 and was formally announced on January 21, 2025, by US president Donald Trump.[2] SoftBank's CEO Masayoshi Son will be the venture's chairman.[3] HistoryThe venture was announced at a White House press conference on January 21, 2025, by President Donald Trump, with Sam Altman from OpenAI, Larry Ellison from Oracle and Masayoshi Son from SoftBank accompanying him.[3] Donald Trump called it "the largest AI infrastructure project in history", indicating that he would use emergency declarations to expedite the project's development, particularly regarding energy infrastructure.[4] The venture was started with an investment of $100 billion and that may rise to $500 billion by 2029.[5] However, Elon Musk, CEO of OpenAI's competitor xAI, claimed that the venture lacked the financing to meet the promised investment levels. These claims were later denied by Sam Altman.[6] Arm CEO Rene Haas stated that the financial backing behind the project is "quite solid".[7] The venture is currently building 10 data centers in Abilene, Texas,[8][5] and will later expand to more states,[3] with Trump saying that he will use executive orders to help build the venture's infrastructure. The new venture claims that it will create more than 100,000 jobs in the United States. Altman has said that SoftBank will have the "financial responsibility" of the venture and OpenAI will have the "operational responsibility".[5] Arm, Microsoft, Nvidia, Oracle, and OpenAI are the key initial technology partners.[9] The "Stargate" term dates back to 2024, when OpenAI and Microsoft started developing a $100 billion AI supercomputer.[5][10] References
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