President Donald Trump is supporting the newly formed Stargate to advance AI as construction on the company's first data center gets underway in Abilene.

The effort was described as a $500 billion investment in artificial intelligence. Read how a small Texas city with a population of about 130,000 fits into the plans.

Masayoshi Son of SoftBank, Sam Altman of OpenAI and Larry Ellison of Oracle joined Trump for the $500 billion announcement.

President Donald Trump on Tuesday talked up a joint venture investing up to $500 billion for infrastructure tied to artificial intelligence by a

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

The effort was described as a $500 billion investment in artificial intelligence. Read how a small Texas city with a population of about 130,000 fits into the plans.

Tech titan Elon Musk cast doubt Wednesday on a $500 billion AI project announced by US President Donald Trump, saying the money promised for the investment actually wasn't there.

The new entity, Stargate, will start building out projects needed for the further development of the fast-evolving AI in Texas ... office-sharing company WeWork. While Trump has seized on similar ...

OpenAI’s Sam Altman responded to Musk’s allegation that ‘they don’t actually have the money’ by calling him “the most inspiring entrepreneur of our time.”

The president says their new entity, Stargate, will make a “tremendous investment” in what he says will be the “largest AI infrastructure project, by far, in history.”

Microsoft’s chief executive has gone viral for a “gangster” response to comments by Elon Musk trashing President Donald Trump’s $US500 billion ($795 billion) AI mega-project.

If the pledge of $100 billion upfront and another $400 billion in the coming years is real, and if it is spread equally at $125 billion a year, that would be more than the combined global capex of Meta, Microsoft, and Google. Stargate is just US-focused and likely won't have a huge office budget.