Former President Trump has announced an unprecedented $500 billion AI infrastructure initiative called "The Stargate Project," partnering with tech giants.

The $500 billion Stargate project is projected to create hundreds of thousands of jobs. Here's what's known so far.

OpenAI, Oracle, and SoftBank formed Stargate, a new venture investing up to $500 billion in AI infrastructure in Texas. President Donald Trump talked up the partnership on Jan. 21, calling it ”a resounding declaration of confidence in America’s potential.

The project backed by Oracle, OpenAI, and SoftBank was announced by President Donald Trump Jan. 21, but it's not without its detractors.

President Donald Trump said Tuesday he is open to Elon Musk buying TikTok, and floated a proposal that the United States jointly own half the company. “I would be, if he wanted to buy it, yes,” Trump told reporters at a White House event announcing a new AI infrastructure private sector partnership with tech leaders,

Elon Musk has cast doubt on Donald Trump’s $500 billion AI project by questioning whether it has enough financial backing. “They don’t actually have the money,” the MAGA billionaire wrote on X in a rare public dig at Trump just hours after the president made a big announcement about the privately funded initiative.