The investment brings together an alliance of tech giants. While SoftBank and OpenAI are lead partners—with SoftBank handling financials and OpenAI managing operations—Oracle and MGX have also joined as equity funders.

Japanese tech giant SoftBank Group Corp. as well as OpenAI and Oracle Corp. will form a new company that will invest at least $5

Masayoshi Son, the Japanese tycoon helming US President Donald Trump's big new AI push, is the son of an immigrant pig farmer with a spectacular but also sketchy investment record.

SoftBank CEO Masayoshi Son's plan to invest billions in AI in the United States shows one way to handle the new Trump administration: go big and deal with the details later.

The Trump Administration has announced an AI infrastructure joint venture in the U.S. named “Stargate,” comprised of OpenAI, SoftBank Group (OTC:SFTBF) (OTC:SFTBY), Oracle Corp (NYSE:ORCL), and Abu Dhabi’s MGX.

At the core of this initiative is the formation of a new company, The Stargate Project, a joint venture between OpenAI, SoftBank, Oracle, and MGX. Over the next four years, this project will invest an astonishing $500 billion to develop cutting-edge AI infrastructure in the U.S., aiming to secure the country’s leadership in artificial intelligence.

US President Donald Trump on Tuesday announced a major investment to build infrastructure for artificial intelligence (AI) led by Japan’s Softbank Group Corp, cloud giant Oracle Corp and ChatGPT-maker OpenAI.

He also announced private sector investments of up to $500 million to build artificial intelligence infrastructure. Keep up with the USA TODAY news team for updates. Start the day smarter.

SoftBank CEO Masayoshi Son called the launch of Stargate the "beginning of a golden age," aligning with Trump’s vision for the US under his leadership. Son also committed to investing $100 billion in US projects over the next four years,

Quantum computing stocks popped Tuesday, Jan. 21 in response to President Donald Trump’s newly announced Stargate program. The joint venture between Oracle (ORCL), SoftBank (SFTBY), and OpenAI is intended to invest $500 billion into artificial intelligence (AI) infrastructure in the U.S.

President Trump unveiled the AI initiative on Tuesday alongside the executives of OpenAI, Oracle and Softbank.