OpenAI, SoftBank, and Oracle are launching the Stargate Project, a joint venture to develop AI-focused data centers in the U.S., starting with a major project in Texas. The initiative, with an initial $100 billion investment and plans to reach $500 billion over four years, aims to create “hundreds of thousands” of jobs and reinforce U.S. leadership in AI technology. Announced at a White House press conference with President Trump, the project also includes Microsoft, Nvidia, Arm, and Middle Eastern AI fund MGX as key partners. The effort is seen as a strategic move to boost U.S. infrastructure, national security, and re-industrialization.
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