President Donald Trump talked up a joint venture investing up to $500 billion for infrastructure tied to AI by a new partnership formed by OpenAI, Oracle and SoftBank.

The initiative announced by President Donald Trump will aim to "secure American leadership in AI" while also creating jobs and economic benefit.

By Sam Nussey and Anton Bridge TOKYO (Reuters) -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.

OpenAI, Oracle and SoftBank formed a new joint venture called Stargate to invest in data centers, building on major U.S. investments in the technology.

We may now know roughly how much money SoftBank and OpenAI are contributing toward Stargate, OpenAI's massive data center project.

Trump said the private sector joint venture will build data centers and create more than 100,000 jobs in the United States.

SoftBank shares surged — on five times the previous day’s volume — on Wednesday after the Japanese investment group landed a starring role in an U.S. artificial intelligence infrastructure buildout package backed by President Donald Trump.

Mr. Trump had claimed the A.I. announcement as an early trophy, taking credit for the companies’ decision to spend up to $500 billion building data centers.

Some of the biggest names in technology have clashed after President Donald Trump unveiled his $500 billion private AI investment project.

Tuesday marks President Donald Trump's first full day in office and similar to Inauguration Day, the president and his team are moving quickly to make change.

Oracle founder Larry Ellison said the Stargate project, a joint venture with OpenAI and Softbank, will help to fuel the development of a cancer vaccine.

Trump proved in his first term that he has a high tolerance for internal dissent within his White House. But his 2024 campaign, led by now White House chief-of-staff Susie Wiles and Chris LaCivita, was praised by Republicans for its limited leaks and relative lack of drama spilling out into the public.