The Stargate Project, a new AI infrastructure company funded by OpenAI, SoftBank, Oracle, and MGX, was announced. It plans to invest $500 billion in AI infrastructure in the United States over four years, deploying an initial $100 billion immediately and starting construction in Texas. SoftBank holds financial responsibility and OpenAI operational responsibility, with Masayoshi Son as chairman. The announcement was made at the White House alongside President Trump. The same day, Microsoft announced a revised agreement replacing its position as OpenAI's exclusive cloud provider with a right of first refusal on new capacity.