The $500 billion Stargate project will be critical to "maintain American leadership in AI," one of the partners said in a statement.

President Trump announced a major AI infrastructure investment of “at least $500 billion,” signaling a willingness to work alongside large tech companies.

Oracle stock is poised to reap the benefits of President Trump’s enthusiasm for artificial intelligence, analysts said after the president announced a $500 billion investment in AI infrastructure on Tuesday.

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.

US tech titans Elon Musk, Mark Zuckerberg and Jeff Bezos are taking a prominent place in the new Trump era, but another player from another era -- Oracle boss Larry Ellison -- is making a surprise return.

Oracle founder Larry Ellison said the Stargate project, a joint venture with OpenAI and Softbank, will help to fuel the development of a cancer vaccine.