President Donald Trump is due to announce private sector investment to build artificial intelligence infrastructure in the United States totalling billions of dollars, CBS News reported.
OpenAI, SoftBank and Oracle are planning a joint venture called Stargate, the report added, saying SoftBank CEO Masayoshi Son, OpenAI’s Sam Altman and Oracle’s Larry Ellison are due at the White House.
Company executives are expected to commit US$100 billion (A$160 billion) initially and then up to US$500 billion into Stargate over the next four years, according to the report.
Oracle, OpenAI and SoftBank did not immediately respond to requests for comment.
It was not immediately clear if the announcement is an update to a previously reported-on venture between Microsoft and OpenAI.
In March 2024, The Information, a news website, reported those companies were working on plans for a US$100 billion data centre project that would include an artificial intelligence supercomputer called ‘Stargate’ set to launch in 2028.
Rapid adoption of generative artificial intelligence technology has led to sky-rocketing demand for AI data centres capable of handling more advanced tasks than traditional data centres.