Stargate: The largest artificial intelligence project in history is coming to the U.S.

Three tech giants are teaming up for an ambitious project that is set to fundamentally change the future of artificial intelligence and its infrastructure in the United States. OpenAI, SoftBank and Oracle have announced the creation of a new company called Stargate, which is set to be a key player in the global race for AI dominance. The project, in which up to $500 billion is planned to be invested, will create thousands of new jobs and give the US a strategic advantage over competitors, especially China.

On Tuesday, OpenAI CEO Sam Altman, SoftBank CEO Masayoshi Son and Oracle $ORCLChairman Larry Ellison, along with President Donald Trump, met at the White House to officially announce the formation of Stargate. Trump called the project "the largest AI infrastructure project in history."

The initial investment of $100 billion is expected to be just the beginning. The plan is for Stargate to reach a budget of up to $500 billion over the next few years. The first million-square-foot data…