The project will entail a joint venture between Oracle, Open AI and Softbank with the promise of investing nearly $500 billion into artificial intelligence infrastructure over the next four years. Other partners also include Nvidia, Microsoft and ARM— companies that have all been paramount to the significant AI boom in recent years.

Several large technology firms including OpenAI, SoftBank, Oracle, Nvidia, and MGX have partnered to set up a new company in the US to ramp up AI infrastructure in the country. Named Project Stargate,

Microsoft has clarified its partnership with OpenAI after the latter announced a $500 billion data center initiative.

Microsoft will no longer be the exclusive provider of new cloud computing capacity to OpenAI — a new twist in their relationship that clears the way for OpenAI to work with Oracle and others on the $500 billion Stargate AI project announced by the companies Tuesday with President Trump at the White House.