Such announcements aren’t without political risks, as OpenAI learned when Trump adviser Elon Musk criticized the deal on the social network he owns.

The $500 billion Stargate project is projected to create hundreds of thousands of jobs. Here's what's known so far.

OpenAI, Oracle, and SoftBank formed Stargate, a new venture investing up to $500 billion in AI infrastructure in Texas. President Donald Trump talked up the partnership on Jan. 21, calling it ”a resounding declaration of confidence in America’s potential.

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

OpenAI has announced 'The Stargate Project,' a new company set to invest $500 billion into AI infrastructure over the next four years. The data centers will be exclusively used by OpenAI as it expands its generative AI compute portfolio. $100bn will be deployed 'immediately.'

The project backed by Oracle, OpenAI, and SoftBank was announced by President Donald Trump Jan. 21, but it's not without its detractors.

The effort was described as a $500 billion investment in artificial intelligence. Read how a small Texas city with a population of about 130,000 fits into the plans.

U.S. President Donald Trump on Thursday dismissed criticism from close ally Elon Musk about a $500 billion artificial intelligence project that Trump announced with great fanfare at the White House earlier this week.