Musk slammed a Trump-backed $500 billion AI joint venture building out OpenAI’s artificial general intelligence.

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.

The president joined leaders from OpenAI, Oracle and SoftBank to launch the ambitious project, but questions remain about its implementation, offerings and timeline.

OpenAI is scouring the U.S. for sites to build a network of huge data centers to power its artificial intelligence technology, expanding beyond a flagship Texas location and looking across 16 states t

Stargate, a joint venture between ChatGPT creator OpenAI, Oracle and SoftBank, plans to invest up to $500 billion to help the United States stay ahead of China and other competitors in the global AI race.

ChatGPT maker OpenAI said on Thursday that Texas will be the "flagship" data center site in the Stargate project it is building with SoftBank .

OpenAI is scouting Oregon and 15 other states as it prepares to build a network of huge data centers to power its artificial intelligence technology, expanding beyond a flagship Texas location and looking across 16 states to accelerate the Stargate project championed by President Donald Trump.

The companies in Stargate, the new consortium to build out AI infrastructure for OpenAI, are actively considering siting new data center projects in more than a dozen states, OpenAI announced Thursday.

OpenAI executives updated reporters on Thursday about the level of interest the company is seeing from states interested in building large data centers.