OpenAI, SoftBank, Oracle, and UAE-backed MGX announced Stargate, a joint venture to invest up to $500 billion over four years in US AI infrastructure, with the first $100 billion committed for this year, representing continuation of infrastructure work already underway rather than purely new investment.
factualpending
Speaker
Briel HillEvidence Quote
“open AI soft Bank Oracle and UAE backed mgx announced Stargate which is a joint venture planning to invest up to $500 billion doll in US money on us AI infrastructure over the next four years”
Source
Week 1 of the Trump administration, AGI timelines, and DeepSeek— Center for Strategic & International StudiesCreated: 8/11/2026, 7:43:26 AM
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