Masayoshi Son of SoftBank, Sam Altman of OpenAI and Larry Ellison of Oracle joined Trump for the $500 billion announcement.

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.

President Donald Trump on Tuesday talked up a joint venture investing up to $500 billion for infrastructure tied to artificial intelligence by a

"The fall of the reputation of a big brand like WeWork also did not help instill confidence in corporate real estate teams to use coworking as part of their more permanent solutions for space."

President Donald Trump's first full day back in office includes announcing an investment in artificial intelligence infrastructure.

Trump supporter Elon Musk, worth more than $400 billion, was an early investor in OpenAI but has since challenged its move to for-profit status and has started his own AI company, xAI. Musk is also in charge of the “Department of Government Efficiency” created formally on Monday by Trump with the goal of reducing government spending.

President Donald Trump is supporting the newly formed Stargate to advance AI as construction on the company's first data center gets underway in Abilene.

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.

Tech titan Elon Musk cast doubt Wednesday on a $500 billion AI project announced by US President Donald Trump, saying the money promised for the investment actually wasn't there.

The new entity, Stargate, will start building out projects needed for the further development of the fast-evolving AI in Texas ... office-sharing company WeWork. While Trump has seized on similar ...

OpenAI’s Sam Altman responded to Musk’s allegation that ‘they don’t actually have the money’ by calling him “the most inspiring entrepreneur of our time.”

The president says their new entity, Stargate, will make a “tremendous investment” in what he says will be the “largest AI infrastructure project, by far, in history.”