W hen President Donald Trump announced a half-trillion-dollar of private-sector investment in American artificial-intelligence ( AI ) infrastructure on January 21st, his second day in office, he basked in the accolades of the three men backing the “Stargate” project: Open AI ’s Sam Altman, Masayoshi Son, a Japanese tech mogul, and Larry Ellison of Oracle, an IT firm.
OpenAI, SoftBank and Oracle are planning a joint venture called Stargate, the report added, saying SoftBank CEO Masayoshi Son, OpenAI's Sam Altman and Oracle's Larry Ellison are due at the White House later on Tuesday.
This week, amid a flurry of executive orders, the new president announced a $500billion venture he described as the 'largest AI infrastructure project in history.'
The initial investment is expected to be $100 billion and could reach five times that sum.