OpenAI and Softbank are starting a $500 billion AI data center company

The plan to build a data center system for artificial intelligence was revealed at a White House press conference attended by Masayoshi Son, Sam Altman and Larry Ellison, who joined Donald Trump to announce the Stargate project. Their companies, Softbank, OpenAI, and Oracle (respectively), along with MGX, are listed as “initial equity funders” with a $500 billion investment over the next four years, “building new AI infrastructure for OpenAI in the U.S. “.

According to OpenAI statement“Arm, Microsoft, NVIDIA, Oracle and OpenAI” are early technology partners, with expansion “currently underway” starting in Texas while other sites are being evaluated across the country. It also says that “Oracle, NVIDIA and OpenAI will work closely to build and operate this computing system.”

Separately, Microsoft announced an update on its partnership with OpenAI, stating that key elements of the agreement will remain in force until 2030, including “our access to OpenAI intellectual property, our revenue sharing arrangements and our exclusivity for OpenAI APIs will all continue.”

At the press conference announcing the rumored project since the beginning of last yearSon and Altman spoke directly to Trump, insisting that the project was created solely because of his election victory.