OpenAI announced a new joint venture named The Stargate Project which aims to build a number of data centers for AI in the U.S.

Under the Trump administration, OpenAI and other members of the tech sector are making a push to establish AI dominance in the U.S.

OpenAI and SoftBank (OTCPK:SFTBY) will commit $19B each to the artificial intelligence-focused Stargate Project, The Information reported. The four initial partners — OpenAI, SoftBank, Oracle (NYSE:ORCL) and MGX — will commit roughly $45B in total,