Donald Trump, OpenAI, and SoftBank present Stargate — with «immediate» funding of $100 billion and raising $500 billion. Now it is

It’s been three months since SoftBank’s Masayoshi Son and OpenAI co-founder Sam Altman promised during a White House briefing to swiftly deploy $100 billion, and raise that figure to $500 billion

The announcement comes after Saudi Crown Prince Mohammed bin Salman pledged a $600 billion investment in the U.S. in January during Trump’s first phone call to a foreign leader as president. The White House is floating the idea of renaming the body of water to the “Arabian Gulf,” a move that will please Saudi and the U.S.’s other Arab allies.

For axing the parts of the federal bureaucracy he didn’t like, Musk has earned a cushy second act — as the recipient of sweetheart deals from foreign governments looking to gain favor with the president.

Donald Trump’s dealmaking tour of the Middle East last week saw the sales of Boeing aircraft, the signing of defence contracts and the announcement of oil investments. But the most significant decision may be to allow hundreds of thousands of AI chips to flow to the region.

President Trump is bringing the massive Stargate AI project to the UAE, and with the help of OpenAI, they'll focus on new tech, data centers and other industrial capabilities.

OpenAI CEO Sam Altman has expressed a desire to reconcile with Elon Musk and collaborate on artificial general intelligence (AGI).

SoftBank and OpenAI's $100 billion Project Stargate, aimed at building US AI infrastructure, faces financing delays due to tariff risks.