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.

WASHINGTON — President Trump unveiled a $500 billion artificial intelligence infrastructure project Tuesday at the White House alongside reps from three tech and investment giants — with those business leaders asserting the initiative could cure cancer.

President Trump hosted executives from Softbank, OpenAI and Oracle at the White House Tuesday to announce “Stargate,” a $500BN private-sector plan to build new AI data centers.

The executive order directs the Department of Defense and the Department of Energy to lease federal sites to companies building AI infrastructure.

Trump announced Tuesday that OpenAI, Softbank and Oracle would join forces to create Stargate, a new company investing $500 billion in AI infrastructure.

By Sam Nussey and Anton Bridge TOKYO (Reuters) -SoftBank CEO Masayoshi Son's plan to invest billions in AI in the United States shows one way to handle the new Trump administration: go big and deal with the details later.

Donald Trump is remaking the traditional boundaries of Washington, unleashing unprecedented executive orders and daring anyone to stop him. Here’s the latest: Lawsuits challenging President Donald Trump’s immigration policies are piling up The American Civil Liberties Union have sued to overturn fast-track deportations after the Trump administration announced it was expanding powers of immigration

He also announced private sector investments of up to $500 million to build artificial intelligence infrastructure. Keep up with the USA TODAY news team for updates:Start the day smarter.

President Donald Trump kicked off his second term with a flurry of executive actions on immigration, Jan. 6, health policy and more.

Donald Trump is remaking the traditional boundaries of Washington, unleashing unprecedented executive orders and daring anyone to stop him.