President Donald Trump is set to announce a new artificial intelligence program on Tuesday that will see the United States government team up with OpenAI, Oracle, and SoftBank, the tech-focused Japanese conglomerate, with investments that could balloon to as much as $500 billion.
CBS was the first outlet to report the news.
The AI infrastructure program, dubbed Stargate, will have the three companies initially invest $100 billion combined — a figure that could reach up to $500 billion by the end of Trump’s second term in office.
OpenAI CEO Sam Altman, Oracle co-founder and Executive Chairman Larry Ellison, and SoftBank CEO Masayoshi Son were expected to join Trump at the White House on Tuesday for the announcement.