Tech Leaders Pledge Up to $500 Billion to ‘Stargate’ AI Initiative

Some of the world’s most prominent names in technology are pledging to pour as much as half a trillion dollars into building artificial-intelligence infrastructure in the U.S., in the latest high-profile initiative timed with the start of the Trump administration.

The joint venture, known as Stargate, is led by the ChatGPT maker OpenAI and the global tech investor SoftBank Group. It will build data centers for OpenAI. The database company Oracle ORCL 1.85%increase; green up pointing triangle and MGX, an investor backed by the United Arab Emirates, are also equity partners in the venture.