one year on
Trump announces $500 billion 'Stargate' AI infrastructure project with SoftBank, OpenAI, Oracle
President Trump unveils a joint venture called Stargate to build massive data centers across the U.S., backed by SoftBank, OpenAI, Oracle and MGX.
President Donald Trump today announced Stargate, a new joint venture aiming to invest $500 billion in artificial intelligence infrastructure, with SoftBank, OpenAI, Oracle, and MGX as founding partners. Speaking at the White House alongside SoftBank CEO Masayoshi Son, Oracle CTO Larry Ellison, and OpenAI CEO Sam Altman, Trump framed the project as a massive bet on domestic AI capacity.
Hacker News commenters question the $500 billion figure and how much capital is actually committed.
The record
Hacker News commenters question the $500 billion figure and how much capital is actually committed.
One year later — open only if you can handle spoilers
Stargate initially struggled to secure the full $500 billion in committed capital, and construction timelines slipped. However, the first data centers came online in 2026, supporting OpenAI's model training, though debate continues over whether the project merited its gigantic price tag.
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