The rise of artificial intelligence, the digitization of the economy and everyday life’s growing computing needs have turbocharged the expansion of data centers, driving up a surge in electricity demand in Texas and across the country.

President Donald Trump announced the $500 billion Stargate Project in Texas to advance AI research, starting with a data center in Abilene.

Stargate — the joint venture between OpenAI, Softbank and Oracle — is starting its AI infrastructure plans with 10 data centers in Texas.

On Donald Trump's first full day in office for his second presidential term, he gathered Oracle founder Larry Ellison, OpenAI CEO Sam Altman and Softbank chief Masayoshi Son at the Roosevelt Room in the White House to unveil a $500 billion artificial intelligence project named after a 1994 Roland Emmerich sci-fi film about intergalactic portals.

OpenAI CEO Sam Altman, Oracle founder Larry Ellison and SoftBank CEO Masayoshi Son comment on President Trump’s Stargate AI investment project in an interview with FOX News anchor Bret Baier on ‘Special Report.

WASHINGTON — President Trump unveiled a $500 billion artificial intelligence infrastructure project Tuesday at the White House alongside reps from three tech and investment giants — with those business leaders asserting the initiative could cure cancer.

Trump announced Tuesday that OpenAI, Softbank and Oracle would join forces to create Stargate, a new company investing $500 billion in AI infrastructure.

President Trump announced billions in private sector investment by OpenAI, Softbank and Oracle to build AI infrastructure in the U.S.

Oracle founder Larry Ellison said the Stargate project, a joint venture with OpenAI and Softbank, will help to fuel the development of a cancer vaccine.

Larry Ellison unveiled plans for an AI-driven cancer vaccine system that could deliver personalized treatments within 48 hours.

AUSTIN, Texas — It is what President Donald Trump calls the " largest AI infrastructure project " in history, which will create more than 100,000 jobs. The leaders of Softbank, Open AI and Oracle are coming together to announce the formation of Stargate.

Elon Musk threw shade at OpenAI’s Sam Altman on Tuesday after his rival took center stage at the White House to unveil his ambitious $500 billion “Stargate” AI infrastructure project.