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Dubai News Club > Tech > OpenAI and Softbank are starting a $500 billion AI data center company
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OpenAI and Softbank are starting a $500 billion AI data center company

Press Room
Last updated: 2025/01/21
Press Room
Published: January 21, 2025
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1 Min Read
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A plan to build a system of data centers for artificial intelligence has been revealed in a White House press conference, with Masayoshi Son, Sam Altman, and Larry Ellison joining Donald Trump to announce The Stargate Project. Their companies, Softbank, OpenAI, and Oracle (respectively), along with MGX are listed as “initial equity funders” for $500 billion in investments over the next four years, “building new AI infrastructure for OpenAI in the United States.”

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