SoftBank, OpenAI, Oracle to invest $500 billion on AI in U.S.: Trump
Japanese tech giant SoftBank Group Corp. as well as OpenAI and Oracle Corp. will form a new company that will invest at least $500 billion on artificial intelligence infrastructure in the United States, President Donald Trump announced. The investment, under what is called the Stargate Project, will be made over the next four years, building new AI infrastructure for OpenAI.
Massive Impact on Job Creation
At a press conference in the White House, Trump highlighted that this project will be "the largest AI infrastructure project by far in history" and will create over 100,000 American jobs. He emphasized the significance of this investment in ensuring the future of technology, positioning the United States as a leader in the AI field.
The companies involved stated, "This project will not only support the re-industrialization of the United States but also provide a strategic capability to protect the national security of America and its allies."
Key Players and Partnerships
The initial equity funders in Stargate include SoftBank, OpenAI, Oracle, and MGX. SoftBank and OpenAI are positioned as the lead partners for Stargate, with respective financial and operational responsibilities. The chairman of the project will be Masayoshi Son, CEO of SoftBank Group.
Microsoft Corp. and Nvidia Corp. are also set to join the project as technological partners, contributing to the development of AI infrastructure, including the potential construction of data centers.
Global Implications and Reactions
In response to this significant investment, Chief Cabinet Secretary Yoshimasa Hayashi of Japan noted that it represents a business decision for each individual company. However, he expressed optimism that SoftBank's initiative will further enhance economic relations between Japan and the United States.
SoftBank Group has been actively promoting AI as a core element of its business strategy, aiming to advance the use of this technology globally. Through partnerships and investments in various AI-related ventures, such as OpenAI, the company continues to drive innovation in the field.
Future Prospects and Vision
During a shareholders' meeting, Son articulated his vision of creating artificial superintelligence that surpasses human capabilities by thousands of times within the next decade. This ambition underscores the commitment of SoftBank Group to pushing the boundaries of AI and technological advancement.
The collaborative efforts of SoftBank, OpenAI, and Oracle, supported by additional partners, signal a significant milestone in the development of AI infrastructure in the United States, with far-reaching implications for the global tech landscape.
