Stargate: What is Trump's new 500bn AI project?

US President Donald Trump has announced a private sector investment to fund infrastructure for artificial intelligence, with the goal of outpacing rival nations in the business-critical technology. Calling it the largest AI infrastructure project in history "by far", Trump said the joint venture called Stargate will build data centres and create more than 100,000 jobs in the United States. These companies, along with other equity backers of Stargate, have committed billions of dollars for immediate investment, with the remaining investment expected to occur over the next four years. Here's what you need to know about what Trump called "a resounding declaration of confidence in America's potential": It's a joint venture between OpenAI, Oracle, SoftBank and MGX that plans to invest up to 500bn over the next four years to build up new data centres needed for the development of AI projects in the US. A first injection of 100bn will start "immediately," according to an OpenAI statement.