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.

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

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.

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 commercial real estate giant has agreed to buy Industrious in a deal that values the coworking firm at about $800 million.

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.”

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.

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.”

Tech titan Elon Musk cast doubt Wednesday on a $500 billion AI project announced by U.S. President Donald Trump, saying the money promised for

SpaceX boss, Elon Musk on Wednesday criticised a $500 billion Artificial Intelligence project announced by United States President Donald Trump, saying the

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.