President Donald Trump on Tuesday announced Stargate, a new entity that plans to invest $500 billion in artificial intelligence infrastructure with the goal of making advancements in industries like health care and positioning the U.S. as the leader in AI.

Anthropic's latest funding round will place it among the most valuable unlisted companies in the US. It's a group that includes SpaceX and OpenAI.

Trump was joined by SoftBank Group Corp.’s Masayoshi Son, OpenAI’s Sam Altman and Oracle Corp.’s Larry Ellison at the White House to announce the venture, dubbed Stargate, which they said would deploy $100 billion immediately with the goal of eventually spending $500 billion for the construction of data centers and physical campuses.

The initiative announced by President Donald Trump will aim to "secure American leadership in AI" while also creating jobs and economic benefit.

Mr. Trump had claimed the A.I. announcement as an early trophy, taking credit for the companies’ decision to spend up to $500 billion building data centers.

A public feud erupts between Elon Musk and OpenAI CEO Sam Altman regarding Trump's Stargate AI initiative, questioning investment credibility and national interest

Elon Musk is clashing with OpenAI CEO Sam Altman over the Stargate artificial intelligence infrastructure project touted by President Donald Trump, the latest in a feud between the two tech

OpenAI teamed up with Retro Biosciences to build ... it took place less than a week before Donald Trump returns to the White House, with SpaceX CEO Elon Musk working with him on a promised shakeup ...

De-extinction company, Colossal Biosciences, secures $200M in funding to bring extinct species back to life using genetic engineering. It, thus, joins the Decacorn club with SpaceX and OpenAI.

Shares of DestinyTech 100 Inc., a closed-end fund that offers investors exposure to private companies such as SpaceX and OpenAI, are down 2.9% Friday following the explosion of SpaceX’s Starship ...

(CNN) — Shortly after President Donald Trump announced a new massive AI infrastructure investment from the White House, “First Buddy” Elon Musk tried to tear it down. “They don’t actually have the money,” Musk wrote on his social media platform X. “SoftBank has well under $10B secured. I have that on good authority.”