OpenAI, SoftBank and Oracle announce $500 billion AI infrastructure project in US; Sam Altman says it can cure cancer

SoftBank Group, OpenAI and Oracle have announced that they are forming a $500 billion joint venture to fund artificial intelligence infrastructure in the United States with a new joint venture called ‘Stargate’. The announcement was made by OpenAI CEO Sam Altman, SoftBank CEO Masayoshi Son and Oracle Chairman Larry Ellison in the presence of President Trump, who called it the “largest AI infrastructure project in history”.