SoftBank Group Corp., OpenAI, and Oracle Corp. are forming a $100 billion joint venture to fund artificial intelligence infrastructure, an effort unveiled with President Donald Trump aimed at speeding development of the emerging technology.

SoftBank Group Corp. and OpenAI each plan to commit $19 billion of capital to Stargate, the $100 billion US AI endeavor President Donald Trump unveiled this week, the Information reported.

OpenAI has announced that it's teaming up with Softbank and Oracle on $100 billion data center project in the U.S.

Oracle is a natural partner as it is already one of the biggest data center operators in the U.S., while SoftBank has the money required to finance ambitious infrastructure projects. OpenAI, of course, is widely regarded as one of the leaders in terms of AI development.

OpenAI CEO Sam Altman has publicly applauded competitor DeepSeek’s R1 model in a recent social media post.

SoftBank Group Corp. (TYO:9984) and OpenAI have each pledged $19 billion to Stargate, a groundbreaking technology initiative focused on AI data centers, The Information reports. OpenAI and SoftBank will each hold a

The ChatGPT maker will hold a 40% interest in Stargate, and would act as an extension of OpenAI, the report said, citing OpenAI CEO Sam Altman speaking to colleagues. OpenAI and SoftBank did not immediately respond to Reuters' requests for comment.

U.S. President Donald Trump announced Stargate, a $500 billion AI infrastructure project that's expected to provide 100,000 jobs and boost the American economy, but Elon Musk believes the three companies leading the project don't have the funds.

Trump announced a $500 billion project called Stargate backed by SoftBank, Oracle, and OpenAI. The details of this project have

OpenAI is focusing on AI infrastructure with Stargate as rivals like China's DeepSeek close the gap on its AI models.

Seattle-area company Helion Energy gets $425 million from investors including Sam Altman and Softbank to pursue clean energy's "Holy Grail."

Sam Altman, OpenAI CEO, speaks as President Donald Trump, left, Masayoshi Son, SoftBank Group CEO, third from left, and, Larry Ellison, chairman of Oracle Corporation and chief technology officer ...