OpenAI, SoftBank, Oracle, and MGX launched the $500 billion Stargate initiative to build AI infrastructure in the U.S. over four years.

With $100 billion committed immediately, the first Texas data center is underway.

Microsoft, NVIDIA, and Arm join as technology partners, supporting U.S. AI dominance, job creation, and economic growth.

What is that about?

• Stargate Initiative: OpenAI, SoftBank, Oracle, and MGX launch “Stargate,” a joint venture to invest up to $500 billion in AI infrastructure over four years.

• Initial Investment: $100 billion is committed immediately, with the first data center under construction in Texas, managed by Oracle for OpenAI’s use.

• Technology Partners: Microsoft, NVIDIA, and Arm will assist in creating Stargate’s infrastructure. Microsoft remains OpenAI’s primary cloud provider while allowing use of other providers.

• Leadership: SoftBank CEO Masayoshi Son will chair Stargate, with OpenAI operating the venture and financing led by SoftBank.

• Economic Impact: The project supports U.S. AI dominance, creating jobs and advancing data center and chip-making infrastructure.

• Strategic Partnerships: Stargate seeks additional investors and aims to raise debt for future projects, targeting global AI leadership.