President Trump and the CEOs of OpenAI, Softbank, and Oracle are expected to announce a new $500 billion AI initiative called “Stargate,” CBS first reported.
Sources tell CBS that the plan is to start with a $100 billion commitment and a Stargate data center in Texas, and then build up to $500 billion over the next four years while expanding data centers to other states.
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OpenAI’s Sam Altman, Oracle CTO Larry Ellison, and SoftBank CEO Masayoshi Son are expected at the White House Tuesday afternoon to make the announcement.
Oracle is one of the biggest data center operators in
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