OpenAI, Oracle, and SoftBank launch Stargate, a $500 billion AI initiative.

January 21, 2025

On January 21, 2025, OpenAI, Oracle, and SoftBank announced the Stargate Project, a groundbreaking initiative to invest up to $500 billion in AI infrastructure across the U.S. The project aims to establish data centers and enhance electricity generation in Texas, starting with an initial investment of $100 billion. This venture is expected to create over 100,000 jobs and reinforce U.S. leadership in AI technology amidst global competition, particularly with China.

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OpenAI, Oracle and Softbank team up on multibillion-dollar AI project - Los Angeles Times

Tech Leaders Pledge Up to $500 Billion in AI Investment in U.S.

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