A plan to build a system of data centers for artificial intelligence has been revealed in a White House press conference, with Masayoshi Son, Sam Altman, and Larry Ellison joining Donald Trump to announce The Stargate Project.

Stargate "will be the most important project of this era,” OpenAI CEO Sam Altman said Tuesday alongside Trump.

President Donald Trump said Tuesday he is open to Elon Musk buying TikTok, and floated a proposal that the United States jointly own half the company. “I would be, if he wanted to buy it, yes,” Trump told reporters at a White House event announcing a new AI infrastructure private sector partnership with tech leaders,

OpenAI has announced that it's teaming up with Softbank and Oracle on $100 billion data center project in the U.S.

The effort was described as a $500 billion investment in artificial intelligence. Read how a small Texas city with a population of about 130,000 fits into the plans.

Larry, let’s negotiate in front of the media,” Trump said at a press conference with the Oracle co-founder, SoftBank CEO Masa Son, and OpenAI CEO Sam Altman to announce a $500 billion artificial intelligence infrastructure investment.

The Stargate project aims to secure American leadership in AI, protect US national security, and create hundreds of thousands of jobs.

Joining Trump fresh off his inauguration at the White House were Masayoshi Son of SoftBank, Sam Altman of OpenAI and Larry Ellison of Oracle.

President Donald Trump on Tuesday said he would be open to the possibility of having his billionaire ally Elon Musk buy the U.S. operations of TikTok in his latest comments on the popular social media platform. “I would be if he wanted to buy it, yeah,” Trump said.

Microsoft, one of the OpenAI's major backers, said earlier this month it was on track to invest $80bn to build out AI-powered data centres this year. It is also involved in a $100bn venture that includes BackRock and is focused on making AI data centre investments.

The new joint venture is a partnership between OpenAI, SoftBank, Oracle, and MGX, in which SoftBank will reportedly have financial responsibility, while OpenAI will have operational responsibility. Masayoshi Son, billionaire founder of SoftBank, will serve as chairman.