President Donald Trump talked up a joint venture investing up to $500 billion for infrastructure tied to AI by a new partnership formed by OpenAI, Oracle and SoftBank.

The executive order directs the Department of Defense and the Department of Energy to lease federal sites to companies building AI infrastructure.

SoftBank Group Corp., OpenAI, and Oracle Corp. are forming a $100 billion joint venture to fund artificial intelligence infrastructure, an effort unveiled with President Donald Trump aimed at speeding development of the emerging technology.

President Trump hosted executives from Softbank, OpenAI and Oracle at the White House Tuesday to announce “Stargate,” a $500BN private-sector plan to build new AI data centers.

Silicon Valley loudly criticized President Donald Trump when he quit the climate accord in his first term. This time? Crickets.

Recently appointed president Trump has announced a significant private sector investment to develop OpenAI's infrastructure.

President Trump announced The Stargate Project, a massive AI infrastructure initiative that could cement the U.S. as the global leader in this technology. Explore its goals and implications.

Trump then went on to criticize the nation’s electric grid, calling it old while noting that he would allow the tech companies to rely on any fuel that they want to run the plants. And if the energy plants fail, Trump claimed the country could return to “good clean coal.”

The biggest reason for the likely persistence of higher borrowing costs is the surprising resilience of the economy following the upheavals of the pandemic, trillions of dollars of government financial support from Trump and former President Joe Biden, an inflation spike, and several rounds of recession fears.

President Donald Trump kicked off his second term with a flurry of executive actions on immigration, Jan. 6, health policy and more.

By Sam Nussey and Anton Bridge TOKYO (Reuters) -SoftBank CEO Masayoshi Son's plan to invest billions in AI in the United States shows one way to handle the new Trump administration: go big and deal with the details later.