Donald Trump announces $500 bn Stargate Project to strengthen U.S. leadership in AI

Aiming to invest $500 billion over four year, the Stargate Project JV will enhance AI infrastructure, create jobs, and boost economic growth while reinforcing national security. It is backed by a coalition of powerhouse companies, including SoftBank, OpenAI, Oracle, and MGX.

By  Storyboard18Jan 22, 2025 12:47 PM
Donald Trump announces $500 bn Stargate Project to strengthen U.S. leadership in AI
The Stargate Project is backed by a coalition of powerhouse companies, including SoftBank, OpenAI, Oracle, and MGX. (Image: OpenAI)

US President Donald Trump has unveiled the Stargate Project, an ambitious initiative designed to secure American leadership in artificial intelligence (AI) through a massive investment in AI infrastructure.

The project is set to invest $500 billion over the next four years, with an immediate $100 billion allocation to kickstart development. The Stargate Project, which is expected to create hundreds of thousands of American jobs, will play a pivotal role in the re-industrialization of the United States and provide a strategic capability to safeguard the nation’s security interests and those of its allies.

The Stargate Project is backed by a coalition of powerhouse companies, including SoftBank, OpenAI, Oracle, and MGX.

SoftBank and OpenAI are the primary partners, with SoftBank handling the financial responsibilities and OpenAI overseeing operations. Masayoshi Son, the founder and CEO of SoftBank, will serve as the chairman of Stargate.

Key technology partners include Arm, Microsoft, NVIDIA, Oracle, and OpenAI, with the buildout currently underway in Texas. The Stargate team is also evaluating additional campuses across the U.S. as they finalize agreements to expand the project further.

This partnership is an extension of the strong collaborative efforts between OpenAI and NVIDIA, which dates back to 2016.

More recently, OpenAI has also forged a strategic alliance with Oracle. As part of this continued collaboration, Oracle, NVIDIA, and OpenAI will work closely together to design and operate the cutting-edge computing systems that will form the backbone of the Stargate Project.

The collaboration with Microsoft will see OpenAI continue to leverage Azure to accelerate AI model training and improve product development.

This expanded computing infrastructure will enable OpenAI to deliver even more advanced and innovative AI-driven solutions, contributing to the overall economic growth and technological advancement of the United States.

First Published on Jan 22, 2025 12:23 PM

More from Storyboard18

Brand Marketing

Coffee Day Enterprises reports Q3 loss of Rs 11.46 crore, revenue up 9.14%

Coffee Day Enterprises reports Q3 loss of Rs 11.46 crore, revenue up 9.14%

Brand Marketing

Bajaj Consumer Care portfolio strengthens with the acquisition of Vishal Personal Care

Bajaj Consumer Care portfolio strengthens with the acquisition of Vishal Personal Care

Brand Marketing

YouTuber Ranveer Allahbadia's Monk-E posts 59% profit growth in FY24: Report

YouTuber Ranveer Allahbadia's Monk-E posts 59% profit growth in FY24: Report

Brand Marketing

After 'Campa' and 'SIL', Reliance Consumer Products acquires 1980s shampoo brand 'Velvette'

After 'Campa' and 'SIL', Reliance Consumer Products acquires 1980s shampoo brand 'Velvette'

Brand Marketing

RPSG Ventures narrows loss to Rs 45.61 crore in Q3 FY25, revenue up 29%

RPSG Ventures narrows loss to Rs 45.61 crore in Q3 FY25, revenue up 29%

Brand Marketing

Nestlé ups marketing investment, targets 9% of sales on advertising by 2025

Nestlé ups marketing investment, targets 9% of sales on advertising by 2025

Brand Marketing

JioCinema and Disney+ Hotstar come together to launch JioHotstar

JioCinema and Disney+ Hotstar come together to launch JioHotstar

Brand Marketing

HUL, ITC, Dabur among FMCG giants betting big on Maha Kumbh advertising

HUL, ITC, Dabur among FMCG giants betting big on Maha Kumbh advertising