A company to be created in U.S. to invest $500 bn in AI development

11:57 - 22.01.2025


January 22, Fineko/abc.az. President Trump announced at Tuesday’s White House briefing that billions of dollars will be invested in private sector investment to build artificial intelligence infrastructure in the U.S.

ABC.AZ reports that according to the US president, OpenAI, Softbank and Oracle are planning a joint venture called Stargate

"Executives from the companies are expected to commit $500 billion into Stargate over the next four years. Details of the new partnership were not immediately provided. These world's leading technology giants are announcing the formation of Stargate. So write this name down for yourself, because I think you'll hear about it a lot in the future. This is a new American company that will invest at least $500 billion in infrastructure in the U.S.," Trump said.

Trump alleged the venture would create "over 100,000 American jobs almost immediately".