Stargate is a private $500 billion artificial intelligence (AI) infrastructure project that has begun building massive data centers in the United States. Stargate is a joint venture between OpenAI, SoftBank Group,

The biggest figures in artificial intelligence sparred over the dangers of the rapidly advancing technology at the World Economic Forum this week, as hype swirled around a $500bn AI infrastructure project touted by Donald Trump.

President Donald Trump announced an A.I. initiative called Stargate. During a press conference at the White House attended by SoftBank (SFTBF) CEO Masayoshi Son and Oracle founder Larry Ellison, the returning President told reporters the initiative will invest $500 billion—equivalent to almost 2 percent of the annual U.

OpenAI's Stargate project lacks a fully developed plan and hasn't secured funding yet, according to a report from the Financial Times.

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Stargate is little more than an extension of Sam Altman's powerful AI company, anonymous sources told the Financial Times.