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. 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)