OpenAI has announced that it's teaming up with Softbank and Oracle on $100 billion data center project in the U.S.

On Tuesday, OpenAI, SoftBank, Oracle, and MGX announced plans to form Stargate, a new company that will invest $500 billion in AI computing infrastructure across the United States over four years. The announcement came during a White House meeting with President Donald Trump, who called it the "largest AI infrastructure project in history."

The Stargate Project, a joint venture between OpenAI, Oracle, and SoftBank, aims to establish a series of state-of-the-art data centers dedicated to advancing artificial intelligence in the United States.