Trump announces $500 billion 'Stargate' AI infrastructure project

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President Donald Trump announced investments worth up to $500 billion for infrastructure tied to artifical intelligence on Tuesday.

Speaking from the White House, Trump said the investment is "the largest AI infrastructure project, by far, in history."

The CEOs of three tech firms – OpenAI's Sam Altman, Oracle's Larry Ellison, and Softbank's Masayoshi Son – joined Trump for the announcement.

The new entity created through the collaborative efforts, Stargate, will start building out projects needed for the further development of the fast-evolving AI in Texas, according to the White House.

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