OpenAI, SoftBank, Oracle to invest $500 billion in AI, Trump says By Reuters

(Reuters) – President Donald Trump on Tuesday announced that three leading companies would make a large investment in artificial intelligence infrastructure.

OpenAI, SoftBank (TYO:.T), and Oracle (NYSE:.N) will form a joint venture called Stargate, with a plan to invest $500 billion, Trump said at the White House.

Trump said he will help facilitate the project with emergency orders.