SoftBank Group Corp chairman & CEO Masayoshi Son, OpenAI CEO Sam Altman, and Oracle CEO Larry Ellison has joined President Trump to unveil The Stargate Project— a new company which intends to invest $500 billion over the next four years to build new AI infrastructure in the United States.
The initial equity funders in Stargate are SoftBank, OpenAI, Oracle, and MGX, who will work in close collaboration with technology partners Arm, Microsoft, NVIDIA, Oracle, and OpenAI, to advance cutting-edge AI capabilities, drive economic growth, and shape a future driven by innovation and opportunity, SoftBank said in a statement on Wednesday.
“The Stargate Project is a new company which intends to invest $500 billion over the next four years building new AI infrastructure for OpenAI in the United States. We will begin deploying $100 billion immediately. This infrastructure will secure American leadership in AI, create hundreds of thousands of American jobs, and generate massive economic benefit for the entire world,” SoftBank said.
This project will not only support the re-industrialization of the United States but also provide a strategic capability to protect the national security of America and its allies, the group added.
The initial equity funders in Stargate are SoftBank, OpenAI, Oracle, and MGX. SoftBank and OpenAI are the lead partners for Stargate, with SoftBank having financial responsibility and OpenAI having operational responsibility. Masayoshi Son will be the chairman.
Arm, Microsoft, NVIDIA, Oracle, and OpenAI are the key initial technology partners.
“The buildout is currently underway, starting in Texas, and we are evaluating potential sites across the country for more campuses as we finalize definitive agreements,” SoftBank added.
As part of Stargate, Oracle, NVIDIA, and OpenAI will closely collaborate to build and operate this computing system. This builds on a deep collaboration between OpenAI and NVIDIA going back to 2016 and a newer partnership between OpenAI and Oracle, according to the statement.
This also builds on the existing OpenAI partnership with Microsoft. OpenAI will continue to increase its consumption of Azure as OpenAI continues its work with Microsoft with this additional compute to train leading models and deliver great products and services.
“All of us look forward to continuing to build and develop AI–and in particular AGI–for the benefit of all of humanity. We believe that this new step is critical on the path, and will enable creative people to figure out how to use AI to elevate humanity,” the company added.
Featured photo credits: SoftBank Group