President Donald Trump is scheduled to announce a significant infrastructure initiative this afternoon. According to sources, the plan involves a joint venture between OpenAI, Oracle, and SoftBank, with a proposed investment of up to $500 billion in infrastructure projects.
The first phase of the initiative will focus on a cutting-edge data center project in Texas, designed to strengthen the nation’s technological infrastructure and boost job creation. This effort aligns with President Trump’s broader commitment to revitalizing American industries and generating employment opportunities.
This announcement follows a recent meeting between President Trump and SoftBank CEO Masayoshi Son at Mar-A-Lago, during which SoftBank pledged a $100 billion investment aimed at creating 100,000 jobs in the U.S. over the next several years.
Further details on the project timeline and potential expansion into additional states are expected to be released in the coming weeks. Analysts suggest this move could attract further foreign investment and accelerate domestic infrastructure development.
This story is developing.
