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Stargate Project: SoftBank, OpenAI, Oracle, MGX to build data centers

President Donald Trump is talking up a joint venture investing up to $500 billion for infrastructure tied to artificial intelligence by a new partnership formed by OpenAI, Oracle and SoftBank.

9 of 10 | Larry Ellison, chairman of Oracle Corporation, center, speaks as President Donald Trump, left, and Masayoshi Son, SoftBank Group CEO, listen in the Roosevelt Room at the White House, Tuesday, Jan. 21, 2025, in Washington. While Trump has seized on similar announcements to show that his presidency is boosting the economy, there were already expectations of a massive buildout in data centers and electricity plants needed for the development of AI, which holds the promise of increasing productivity by automating work but also the risk of displacing jobs if poorly implemented. Still, the regulatory outlook for AI remains somewhat uncertain as Trump on Monday overturned the 2023 order signed by then-President Joe Biden to create safety standards and watermarking of AI-generated content, among other goals, in hopes of putting guardrails on the technology’s possible risks to national security and economic well-being.

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