In a groundbreaking move, at the Trump inauguration, OpenAI on Wednesday announced a new company called the Stargate Project, which is aimed at “building a new AI infrastructure” through an ambitious investment of $500 billion over the next four years. OpenAI announced the new company in a blog post, which also revealed that the Stargate Project will begin deploying an initial $100 billion immediately to build AI data centres for OpenAI in the United States. Along with OpenAI, the Stargate project is backed by companies like SoftBank, Oracle, and MGX. The initiative will be led by SoftBank and OpenAI. The two companies will also divide responsibilities with SoftBank looking at the finances, and OpenAI handling the operations. As per the blog post, SoftBank’s CEO, Masayoshi Son will serve as chairman of the Stargate Project.