On the first day of entering the Oval Office, President Donald Trump publicly announced a $500 billion project Stargate alongside the CEOs of OpenAI, Oracle, and Softbank. OpenAI, the company behind ChatGPT is partnering with other US tech giants including a Japanese investment company and an Emirati sovereign wealth fund to raise $500 billion which will be used in building artificial intelligence (AI) infrastructure in the US.
The partnering team named the new company The Project Stargate. Donald Trump referred to this advanced project as the largest AI infrastructure project to be executed by anyone in human history. The president also said that the company will help advance the future of technology in the United States.
Stargate is led by Masayoshi Son and MGX, a tech investment firm in the United Arab Emirates government. As of 2025, most tech giants are investing billions of dollars into Artificial intelligence as they hope that the future belongs to companies that use AI.
The companies collaborating to form this new venture reveal that project Stargate has already raised $100 billion in funding. They also said they started working on it before President Trump took over the Oval Office. These firms revealed that Stargate will likely commence operation over the next four years and create more than 100,000 jobs.
What Services Will The Project Stargate Provide?
OpenAI, SoftBank, and MGX partnered to start project Stargate to build advanced AI infrastructure that will operate using powerful technologies and power. These companies came together with the primary goal of solving several complex problems facing humankind.
The project Stargate will focus on solving these complex problems at once. Its infrastructures will also store and process massive datasets, providing AI systems with more powerful computing operations. Stargate’s $500 billion facility will have power-intensive devices including thousands of computer hardware, software, and chips.
OpenAI reveals in a statement that the buildout of this futuristic project is currently on its way. Let’s talk more about the major players in Stargate. OpenAI, one of the leading US artificial intelligence firms is a major investor in project Stargate.
The AI research organization developed Chat GPT with millions of daily users. Oracle, which is one of the biggest data center operators in the world is also part of the project. The third firm is SoftBank, a Japanese multinational investment holding company known for investing heavily in tech companies and startups.
MGX, a United Arab Emirates-based investment company, which focuses more on AI and other advanced technologies is also part of the agencies funding Stargate. In October 2023, President Joe Biden announced an executive order instructing companies to regulate the development of AI and urging agencies to notify the government of their work for safety concerns.
However, President Trump urged Stargate and other US-based AI companies to work with great innovation without following national development guidelines. This implies that companies behind Stargate will be able to explore greater ideas to come up with innovative solutions to most challenges facing humankind.
