President Donald Trump held a press conference to announce Stargate, a $500 billion artificial intelligence (AI) infrastructure project in the United States. He called it the "largest AI infrastructure project,

The Stargate Project announced at the White House plans to invest $500 billion; Elon Musk has already blasted the plan

President Donald Trump called Stargate, a new joint venture by OpenAI, Oracle, and SoftBank, "the largest AI infrastructure project in history."

The Stargate project outlines a commitment to spend $500 billion over the next four years to develop advanced AI infrastructure primarily across the United States.

AI initiative Stargate, backed by Oracle, OpenAI, and SoftBank, will focus on infrastructure, starting with data centers in Texas.

The S&P 500 climbed to 6,100 for the first time during Wednesday's session. Traders cheered strong earnings and an AI initiative Trump announced on Tuesday.

OpenAI, SoftBank and Oracle plan a joint venture called Stargate, and have committed $100 billion initially and then up to $500 billion into Stargate over the next four years.

One of President Donald Trump’s first announcements has been Stargate, a new joint venture designed to unlock up to $US500 billion ($800 billion) in private sector investment to fund AI infrastructure,

On Tuesday night, President Donald Trump issued a pardon to Ross Ulbricht, who ran the dark web marketplace Silk Road under the pseudonym “Dread Pirate Roberts.” Ulbricht has been serving a life sentence without parole since 2015, when he was convicted of multiple charges, including the distribution of narcotics.

The Stargate Project' is a $500 billion initiative to build AI infrastructure across the US, with Masayoshi Son taking the role of chairman. This project is not only aimed at supporting the re-industrialisation of the United States but also to provide a strategic capability to protect the national security of America and its allies,