OpenAI, SoftBank, Oracle and MGX formed Stargate.

OpenAI, an American AI research laboratory, SoftBank, a Japanese multinational conglomerate holding company, Oracle, an American multinational computer technology corporation, and MGX, an Emirati state-owned investment firm, formed Stargate, a joint venture focused on investing in AI infrastructure in the United States. This project will support the re-industrialization of the United States and provide a strategic capability to protect the national security of America and its allies.