U.S. President Donald Trump announced on January 21 that Japan's SoftBank Group, Open AI and Oracle will together invest $500 billion on AI infrastructure in the United States.

The announcement came during a joint news conference with SoftBank Group CEO Son Masayoshi, OpenAI CEO Sam Altman and Oracle chief technology officer Larry Ellison.

U.S. President Donald Trump / To announce the largest AI infrastructure project by far in history, and it's all taking place right here in America.

SoftBank Group CEO Son Masayoshi / This is not just for business. As Larry said, this would help people's lives.

Trump emphasized that the project will create jobs for more than 100,000 people.

SoftBank Group CEO Son Masayoshi / I talked with President Trump that the Golden Age is about to begin.

He met with Trump in December 2024 and announced that he will be investing $100 billion in the United States.