Trump called Stargate the “largest AI infrastructure project, by far, in history.” OpenAI said in a press release that Stargate is a “new company which intends to invest $500 billion over the next four years building new AI infrastructure for OpenAI in the United States,” adding that it will begin deploying $100 billion “immediately.”

OpenAI, Oracle, and SoftBank formed Stargate, a new venture investing up to $500 billion in AI infrastructure in Texas. President Donald Trump talked up the partnership on Jan. 21, calling it ”a resounding declaration of confidence in America’s potential.