President Donald Trump is supporting the newly formed Stargate to advance AI as construction on the company's first data center gets underway in Abilene. Trump announced the new entity formed by OpenAI,

The billionaire wrote on social media that the companies behind the project don’t have enough money to follow through on their pledges.

Stargate is the $500 billion AI Project, announced by President Donald Trump alongside tech leaders aiming to revolutionize U.S. AI infrastructure.

OpenAI CEO Sam Altman called Stargate, “the most important project for this era” and promised that all of the new investment his company was making would help cure diseases. Altman was actually prompted by Trump to talk about the medical advances that AI would supposedly figure out.

Oracle Corporation (NYSE:ORCL) stock increased by 5.7% on market opening today following the announcement of President Donald Trump's ambitious Stargate AI initiative which promises $500 billion for AI infrastructure development while building AI dominance in the U.

Trump said the private sector joint venture will build data centers and create more than 100,000 jobs in the United States.

On the second day of his second presidency, Donald Trump announced the creation of a joint venture with OpenAI, Softbank, and Oracle to build large-scale AI data centers in the United States. The new company,

The goal is to kickstart building more datacenters to expand computing capacity for current and future AI projects, including OpenAI's goal of "AGI," which the company defines as a highly autonomous AI system that "outperforms humans at most economically valuable work.

Learn why the groundbreaking Stargate project is one of the most ambitious technology initiatives of the 21st century.