Stargate "will be the most important project of this era,” OpenAI CEO Sam Altman said Tuesday alongside Trump.

President Donald Trump on Tuesday announced that three leading companies would make a large investment in artificial intelligence infrastructure.

On Tuesday, OpenAI, SoftBank, Oracle, and MGX announced plans to form Stargate, a new company that will invest $500 billion in AI computing infrastructure across the United States over four years. The announcement came during a White House meeting with President Donald Trump, who called it the "largest AI infrastructure project in history."

Oracle stock is poised to reap the benefits of President Trump’s enthusiasm for artificial intelligence, analysts said after the president announced a $500 billion investment in AI infrastructure on Tuesday.

President Donald Trump announced a $500 billion investment in infrastructure tied to artificial intelligence, alongside the CEOs of OpenAI, Oracle and Softbank.

OpenAI, Oracle, and Softbank plan to form a new joint venture, Stargate, announced by Donald Trump on Tuesday. Stargate will invest $500 billion over the

On his second day in office, US President Donald Trump unveiled an ambitious $500 billion private-sector initiative to fund artificial intelligence (AI) infrastructure.A joint venture named Stargate,

President Donald Trump, along with the heads of Japan's Softbank, Oracle Corporation, and OpenAI, announced the Stargate project at the White House. These giants are set to invest up to $500 billion in building data centres and the infrastructure necessary for the development of artificial intelligence,

The joint venture or alliance, called Stargate, "will invest $500 billion, at least, in AI infrastructure in the United States," Trump said.