The White House is expected to announce a multibillion-dollar investment in American artificial-intelligence infrastructure from a joint venture of OpenAI, SoftBank and Oracle on Tuesday afternoon. The companies are committing $100 billion to the joint venture,

President Donald Trump is spending his first full day back in the White House meeting with congressional leaders, announcing an investment in artificial intelligence infrastructure and demonstrating o

Dubbed Stargate, the joint venture was poised to receive an initial cash injection of $100bn from the tech giants, rising to as much as $500bn over the next four years, according to two people familiar with the matter.

Yes, that's the name of a 1994 Roland Emmerich movie. It's now a big infrastructure project to help power tech giants' foray into AI.

The venture, called Stargate, "will invest $500 billion, at least, in AI infrastructure in the United States," Trump said in remarks at the White House. "This monumental undertaking is a resounding declaration of confidence in America's potential," he said, a day after his swearing in for a second term.