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therightscoop.com
21 Jan 2025


NextImg:BREAKING: President Trump to announce joint venture called Stargate! – The Right Scoop

President Trump’s big infrastructure announcement today may be about an artificial intelligence joint venture called Stargate.

According to CBS News, private sector companies will be investing billions into Stargate which is some kind of AI data center project.

Here’s more:

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.

Spokespeople for SoftBank and OpenAI declined to comment.

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.

I hope Trump explains it better than this article. Also, the image at the top is for those of you who know…