Former U.S. President Donald Trump announced that OpenAI, SoftBank, and Oracle will jointly invest 500 billion in building artificial intelligence infrastructure. The three companies will establish a joint venture named "Stargate" with plans to invest 500 billion. Trump stated that he will use an emergency executive order to advance the project.

PANews reported on January 22 that according to Reuters, US President Donald Trump announced on Tuesday that three leading companies will make huge investments in artificial intelligence infrastructure. Trump said at the White House that OpenAI, SoftBank (9984.T) and Oracle (ORCL.N) will form a joint venture called "Stargate" with a planned investment of $500 billion. Trump said he would use an emergency executive order to help advance the project.

Trump announced that OpenAI, SoftBank, and Oracle will invest 500 billion in AI projects.