Breaking down Trump’s first day back in office
Breaking down Trump’s first day back in office and what it signals for his second term
04:08
President Trump is set to announce billions of dollars in private sector investment to build artificial intelligence infrastructure in the United States, CBS News has learned.
OpenAI, Softbank and Oracle are planning a joint venture called Stargate, according to multiple people familiar with the deal.
SoftBank CEO Masayoshi Son is expected at the White House Tuesday afternoon, along with Sam Altman of OpenAI and Larry Ellison of Oracle.
Executives from the companies are expected to say they plan to commit $100 billion initially and pour up to $500 billion into Stargate over the next four years. Other details of the new partnership were not immediately available.
Stargate will start with a data center project in Texas, sources said, and eventually expand to other states. Other investors are expected to join the venture, but it was not immediately clear which ones.
Jennifer Jacobs
Jennifer Jacobs is a senior White House reporter at CBS News.
Trump to announce private sector AI infrastructure investment NY Times News Today.
Read More Details
Finally We wish PressBee provided you with enough information of ( Trump to announce private sector AI infrastructure investment )
Also on site :
- A look at six bills in Albany awaiting Gov. Hochul’s signature
- Israel tried to break Iran – but it may have actually helped unite it
- This 'Iconic' Cereal is Finally Making a Comeback and Fans Going Wild: 'Holy Smokes'