Trump AI investment with OpenAI, Oracle, Softbank

the president Donald Trump with announced the joint venture on Tuesday OpenAI, Oracle and Softbank investing billions of dollars artificial intelligence infrastructure in the United States.

The project called “Star Gate” was presented The White House By Trump, Softbank CEO Masayoshi Son, OpenAI CEO Sam Altman, and Oracle co-founder Larry Ellison.

Executives have committed to invest an initial $100 billion and up to $500 billion over the next four years in the project, which will be created as a separate company.

“What we want to do is keep it in this country,” Trump said, noting that China is a major competitor in the nascent industry of artificial intelligence.

Stargate’s first joint venture will be to build data centers in Texas — something that’s already underway, Ellison said in the Roosevelt Room.

OpenAI later said in an X post that the project “will not only support US re-industrialization, but also provide a strategic opportunity to protect the national security of America and its allies.”

Softbank’s Son will be chairman of Stargate, while semiconductor company Arm, Microsoft, NVIDIA, Oracle and OpenAI will be “key initial technology partners,” OpenAI said in a filing.

The son has already announced A four-year, $100 billion AI investment in the U.S. when then-President-elect Trump visited his Mar-a-Lago resort in December.

At the time, Trump joked that he pressured Son to increase his commitment to $200 billion.

“Now I’m back with $500 (billion),” he said at the White House last Tuesday.

In his speech, Trump suggested that the $500 billion figure would be separate from Son’s previous promise.

“The $500 billion Stargate Project, as we know, comes in addition to a separate pledge of between $100 billion and $200 billion off the table,” Trump said.

— NBC News’ Peter Alexander contributed to this report