Trump announced a $500 billion joint venture between OpenAI, Softbank, MGX and Oracle to build new datacenters to power the next wave of AI.

Such announcements aren’t without political risks, as OpenAI learned when Trump adviser Elon Musk criticized the deal on the social network he owns.

The $500 billion Stargate project is projected to create hundreds of thousands of jobs. Here's what's known so far.

Stargate, a high-profile artificial intelligence infrastructure project trumpeted by US President Donald Trump this week, will exclusively serve ChatGPT maker OpenAI, according to people familiar with the matter.

Stargate, the joint venture by OpenAI, SoftBank and Oracle to develop data centers for artificial intelligence in the U.S., will exclusively serve ChatGPT maker OpenAI, the Financial Times reported on Thursday.

SoftBank Group Corp. and OpenAI each plan to commit $19 billion of capital to Stargate, the $100 billion US AI endeavor President Donald Trump unveiled this week, the Information reported.

Microsoft CEO Satya Nadella has distanced himself from Elon Musk and Sam Altman's dispute about funding for the President Trump-backed Stargate project.

OpenAI and SoftBank's "Stargate" took the world by storm after announcing the $500 billion project, which they are collaborating with Oracle and MGX. While making the announcement, the ChatGPT maker indicated that up to $100 billion had already been injected into the project to facilitate the construction of data centers across the United States to bolster sophisticated AI advances.