$500 billion investment by OpenAI and Softbank in America

The Stargate project was unveiled at a press conference in the White House with the presence of Donald Trump, the new US president, Sam Altman, the CEO of OpenAI, Masayoshi San, the CEO of Softbank, and Larry Ellison, the founder of Oracle. This project wants to build an artificial intelligence data center for OpenAI with an investment of 500 billion dollars in various regions of the United States.

According to OpenAI’s statement, ChatGPT developer company along with ARM, Microsoft, Nvidia, Oracle, OpenAI and MGX will be the first investors of this huge project which is going to be implemented in the next 4 years. The $500 billion investment in artificial intelligence data centers that will power OpenAI’s infrastructure is indicative of the company’s bright future in the market.

OpenAI and Softbank’s massive investment in US artificial intelligence infrastructure

This project has already started its work in the state of Texas and necessary evaluations are being done in other parts of the United States. It is said that Oracle, Nvidia and OpenAI will work closely together to build and operate this massive computing system.

SoftBank and OpenAI are the leaders of the Stargate project. SoftBank will be responsible for financing and OpenAI will be responsible for executive and operational responsibilities, and Masayoshi San will be the chairman of the board of directors of this project. In the future, dedicated OpenAI chips are likely to be used in these data centers.

In a conference held in the White House, Sam Altman and Masayoshi Sun directly addressed Donald Trump and emphasized that the implementation of this project was possible only with his victory in the presidential election. The Stargate project is supposed to create hundreds of thousands of jobs and guarantee America‘s leadership in the field of artificial intelligence.

Softbank had previously announced that it would invest 100 billion dollars in the next 4 years in America. This company and Trump have been working together since 2016. During his first term as president, Softbank said it would inject $50 billion into American startups and create 50,000 jobs.