U.S. President Donald Trump is expected to announce a new investment plan for artificial intelligence, with SoftBank, OpenAILLC and Oracle preparing to announce a joint venture.A White House official said Trump will join SoftBank's Masayoshi Son, OpenAI's Sam Altman and Oracle's Larry Ellison on Tuesday afternoon to announce an initial $100 billion investment that could expand to $500 billion over the next four years.
U.S. President Donald Trump signs an executive order in the Oval Office of the White House in Washington, DC, the United States, Monday, January 20, 2025.
Masayoshi Son had promised at an event held by Trump at Mar-a-Lago last month that SoftBank alone would invest US$100 billion in the United States. It is unclear whether the above-mentioned joint venture plan, known as "Stargate", is a new initiative or part of SoftBank's US$100 billion commitment last month.