OpenAI, SoftBank and Oracle to Commit $100 Billion to Develop Data Centers
President Donald Trump is preparing to announce that OpenAI, Softbank and Oracle are planning a joint venture to invest in building data centers for artificial intelligence in the U.S., according to a CBS News report.
The report said Softbank CEO Masayoshi Son, OpenAI CEO Sam Altman and Oracle founder Larry Ellison are expected to make the announcement alongside Trump at the White House on Tuesday afternoon. They plan to commit an initial $100 billion to the project, called Stargate, and add up to $500 billion over the next four years, according to the report.
The project could start in Texas but might also involve other states. It’s unclear whether Microsoft—OpenAI’s exclusive cloud provider—would be involved in the deal, or whether it had to sign off on it, given its cloud partnership with the AI developer.
In March of 2024, The Information reported that OpenAI and Microsoft were plotting an ambitious $100 billion data center project called Stargate. The Information has also reported on how OpenAI has sought out computing resources from other cloud providers, mainly Oracle, because of frustration over Microsoft not moving fast enough to supply it with servers of Nvidia graphics processing units. Microsoft recently paused some construction on a $10 billion data center that was meant for OpenAI.