Trump was joined by Softbank’s Masayoshi Son, OpenAI’s Sam Altman, and Oracle’s Larry Ellison. The joint venture will deploy US$100 billion ($135.36 billion) “immediately” and have a goal of increasing to “at least” US$500 billion in AI projects, including data centers and physical campuses, Son said. Companies including Microsoft, and Nvidia are also expected to participate.
President Donald Trump announced a joint venture to fund artificial intelligence infrastructure worth billions of dollars with the leaders of Softbank Group, OpenAI, and Oracle Corp, an effort aimed at speeding development of the emerging technology.
“We’re starting off with tremendous investment coming into our country at levels that nobody’s really ever seen before,” Trump said at the White House on Tuesday.
