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Home » Transcript of Trump Press Conference Announcing AI Infrastructure Project Called Stargate

Transcript of Trump Press Conference Announcing AI Infrastructure Project Called Stargate

Read the full transcript of President Donald Trump’s press conference announcing investments worth up to $500 billion for infrastructure project tied to artificial intelligence called Stargate on Jan. 21, 2025.

Listen to the audio version here:

TRANSCRIPT:

Opening Remarks

DONALD TRUMP: Thank you very much, and it’s an honor to be here today. We have a first full day as president, we’re back. And we had a great first term, but we’re going to have an even better second term. And I think we’re going to do things that people will be shocked at.

We’re starting off with tremendous investment coming into our country at levels that nobody’s really ever seen before, and they’re very happy with the fact that I won the race and that they feel confident in their investments, and it’s big money and high-quality people.

So my first day back from having a nice life, it’s my honor to welcome three of the world’s leading technology CEOs. And in the case of Larry, Larry Ellison, it’s well beyond technology, sort of CEO of everything. He’s an amazing man and an amazing business person. But to announce the largest AI infrastructure project by far in history, and it’s all taking place right here in America.

As you know, there’s great competition for AI and other things, and they’re coming in at the highest level. We’re joined by Oracle Executive Chairman Larry Ellison, SoftBank CEO, my friend, Masa – Masayoshi Son– and CEO of OpenAI, and I would say the – by far the leading expert based on everything I read, Sam Altman. So that’s great that you’re coming in together. That’s a massive group of talent and money.

Together, these world-leading technology giants are announcing the formation of Stargate. So put that name down in your books, because I think you’re going to hear a lot about it in the future, a new American company that will invest $500 billion at least in AI infrastructure in the United States and very – very quickly, moving very rapidly, creating over 100,000 American jobs almost immediately. This monumental undertaking is a resounding declaration of confidence in America’s potential under a new president.

Let me be – a new president, I didn’t say it, they did. So I appreciate that, fellas. But it’ll ensure the future of technology. What we want to do is we want to keep it in this country. China is a competitor and others are competitors. We want – we want it to be in this country, and we’re making it available. I’m going to help a lot through emergency declarations, because we have an emergency. We have to get this stuff built.

So they have to produce a lot of electricity, and we’ll make it possible for them to get that production done very easily at their own plants if they want, where they’ll build – at the plant, the AI plant, they’ll build energy generation. And that will be incredible. But it’s technology and artificial intelligence, all made in the USA. And immediately, Stargate will be building the physical and virtual infrastructure to power the next generation of advancements in AI, and this will include the construction of colossal data centers – very, very massive structures.

I was in the real estate business. These buildings – these are big, beautiful buildings. They’re going to employ a lot of people. And physical campuses and locations currently being scouted nationwide. They’re making their choices of locations. I think they have their choice. I’d like to ask Larry, Sam, and Masa to say a few words and just talk about – a little bit about what they’re doing. And if you have any questions, and then we’ll go into a couple of other subjects also.

But this is, to me, a very big thing – $500 billion Stargate project. I think it’s going to be something that’s very special. It’ll lead to something that could be the biggest of all. So Larry, maybe we’ll start with you, and we’ll go down the line.

Statements from Tech Leaders

DONALD TRUMP: Thank you.

LARRY ELLISON: Okay. Thank you, Mr. President. We certainly couldn’t do this without you. It would simply be impossible. AI holds incredible promise for all of us, for every American. We’ve actually been working with OpenAI for a while, and with Masa for a while. The data centers are actually under construction.

The first of them are under construction in Texas. Each building is a half a million square feet. There are 10 buildings currently being built, but that will expand to 20, and other locations beyond the Abilene location, which is our first location.

The kind of applications that we’re building, to give you an idea, maybe the most charismatic and the one that I think touches us all is electronic health records, not just maintaining electronic health records, but by looking at electronic health records, understanding the condition of the doctors, better understanding the condition of their patients, and being able to provide health care plans that are much better than they otherwise would be.

A doctor in Indian River Reservation would be able to see how a doctor at Memorial Sloan Kettering would treat the patient, or a doctor at Stanford would treat the patient. We actually provide all of that information, all of that guidance to the doctors who are treating cancer patients or patients of any other kind of disease made possible by AI. I’m not going to take a lot of time. I’m going to pass it to Masa, but this is a very exciting program for Oracle to be a part of. Thank you.

MASAYOSHI SON: Thank you. That’s good. That’s great.

I feel tall now. Thank you. Well, Mr. President, last month I came to celebrate your winning and promised that we would invest $100 billion. And you told me, oh, Masa, go for $200 billion. Now I came back with $500 billion. Because this is the, as you said yesterday, this is the beginning of golden age of America.