Trump trotted out Masa’s line about 50,000 new jobs and $50 billion of investment in the U.S. Masa beamed into the TV cameras, but grew flustered when one of the American reporters confused him with Terry Gou, the Foxconn boss. “No, no, no,” said Masa. “I am Masayoshi Son, and SoftBank is not a bank.”

President Donald Trump talked up a joint venture investing up to $500 billion for infrastructure tied to AI by a new partnership formed by OpenAI, Oracle and SoftBank.

SoftBank CEO Masayoshi Son speaks at a White House press conference on President Donald Trump's plan for AI infrastructure investment. MASA SON, SOFTBANK: Oh, thank you. That would be helpful. That's good.

OpenAI CEO Sam Altman, Oracle founder Larry Ellison and SoftBank CEO Masayoshi Son comment on President Trump’s Stargate AI investment project in an interview with FOX News anchor Bret Baier on ‘Special Report.

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

Trump was joined by Oracle founder Larry Ellison, OpenAI CEO Sam Altman, and SoftBank CEO Masayoshi Son, who said the investment would start with $100 billion, plus a goal of $500 billion over the course of four years.

OpenAI CEO Sam Altman called Stargate, “the most important project for this era” and promised that all of the new investment his company was making would help cure diseases. Altman was actually prompted by Trump to talk about the medical advances that AI would supposedly figure out.

President Trump dismissed Elon Musk's doubts about the $500 billion “Stargate” AI project, citing personal differences. OpenAI CEO Sam Altman defended the project and invited Musk to visit the construction site.

Yes, that's the name of a 1994 Roland Emmerich movie. It's now a big infrastructure project to help power tech giants' foray into AI.

Tech billionaire Elon Musk voiced doubts about President Trump’s newly announced infrastructure plan for artificial intelligence, claiming the technology companies behind the effort do not

President Donald Trump has announced several notable private sector investments into the U.S. tech sector in the wake of his electoral victory as he looks to tout economic momentum.

On his first full day in office, President Donald Trump announced a half-trillion-dollar AI initiative that will begin at Abilene's Lancium campus.