OpenAI, SoftBank, Oracle to invest $500 billion in AI, Trump says


SoftBank CEO Masayoshi Son speaks after U.S. President Donald Trump delivered remarks on AI infrastructure next to Oracle co-founder Larry Ellison and OpenAI CEO Sam Altman at the Roosevelt room at White House in Washington U.S. January 21 2025.  REUTERSCarlos Barria

SoftBank CEO Masayoshi Son speaks after U.S. President Donald Trump delivered remarks on AI infrastructure, next to Oracle co-founder Larry Ellison and OpenAI CEO Sam Altman at the Roosevelt room at White House in Washington, U.S., January 21, 2025. REUTERS/Carlos Barria

(Reuters) - President Donald Trump on Tuesday announced that three leading companies would make a large investment in artificial intelligence infrastructure.

OpenAI, SoftBank (9984.T), and Oracle (ORCL.N) will form a joint venture called Stargate, with a plan to invest $500 billion, Trump said at the White House.

Trump said he will help facilitate the project with emergency orders.

(Reporting by Steve Holland; Writing by Ryan Patrick Jones)

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