President Donald Trump talked up a joint venture investing up to $500 billion for infrastructure tied to AI by a new partnership formed by OpenAI, Oracle and SoftBank.

SoftBank Group Corp., OpenAI, and Oracle Corp. are forming a $100 billion joint venture to fund artificial intelligence infrastructure, an effort unveiled with President Donald Trump aimed at speeding development of the emerging technology.

On Tuesday night, President Donald Trump issued a pardon to Ross Ulbricht, who ran the dark web marketplace Silk Road under the pseudonym “Dread Pirate Roberts.” Ulbricht has been serving a life sentence without parole since 2015, when he was convicted of multiple charges, including the distribution of narcotics.

President Donald Trump called Stargate, a new joint venture by OpenAI, Oracle, and SoftBank, "the largest AI infrastructure project in history."

OpenAI, Softbank and Oracle will join forces to create Stargate, a new company investing $500 billion in AI infrastructure. President Donald Trump said of the investment: “A resounding

The project, which will be financially led by SoftBank and operationally by OpenAI, will see an immediate investment of $100 billion. Masayoshi Son will be the chairman of the company.

President Trump hosted executives from Softbank, OpenAI and Oracle at the White House Tuesday to announce “Stargate,” a $500BN private-sector plan to build new AI data centers.

Trump found a letter from Biden in the Oval Office's Resolute desk after a Fox News journalist reminded him to look for it.

WASHINGTON — President Trump unveiled a $500 billion artificial intelligence infrastructure project Tuesday at the White House alongside reps from three tech and investment giants — with those business leaders asserting the initiative could cure cancer.

The executive order directs the Department of Defense and the Department of Energy to lease federal sites to companies building AI infrastructure.

By Sam Nussey and Anton Bridge TOKYO (Reuters) -SoftBank CEO Masayoshi Son's plan to invest billions in AI in the United States shows one way to handle the new Trump administration: go big and deal with the details later.