President Trump declared a $500 billion investment from private companies in American AI infrastructure
Standing next to some of the world’s richest men, President Trump declared a $500 billion investment from private companies in American AI infrastructure. Dubbed “Stargate” and hailed as the next Manhattan Project, the money is earmarked for physical buildings, data centers, electrical supply, and jobs needed to power AI advancement and function. The goal: fund US dominance in the next frontier.
This is no Trumpian hyperbole; it’s chump change. Analysts at Blackstone expect over $2 trillion to be invested in AI over the next five years. Stargate currently has $100 billion in commitments from Softbank, Oracle, Microsoft, and UAE’s MGX, with scale-up to $500 billion on tap in four years.
CEOs’ toothy grins aside, a small tantrum was brewing in Elon Musk’s corner of X. “They don’t actually have the money,” Musk wrote, calling OpenAI CEO Sam Altman a swindler. “SoftBank has well under $10B secured.”
Musk, who initially partnered with Altman on ChatGPT, has since parted ways and filed suit.
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