President Donald Trump On Tuesday, on the first full day of his second term, he unveiled a massive artificial intelligence (AI) infrastructure project from the private sector.

During his speech at the event The White HouseTrump announced that Softbank, OpenAI, and Oracle are joining forces for a project called Stargate to build data centers for artificial intelligence in the United States.

President-elect Donald Trump speaks during a meeting with the House GOP caucus Nov. 13, 2024, in Washington. (Allison Robbert/Pool via AP, File) (AP, Allison Robbert/Pool via File) / AP Newsroom)

The CEOs of all three tech firms — OpenAI's Sam Altman, Oracle's Larry Ellison and Softbank's Masayoshi Son — joined Trump from the Roosevelt Room of the White House for the announcement.

The initial investment for the project will be 100 billion dollars, which is planned to be expanded to 500 billion dollars over the next four years. The first data center to be built under the initiative will be in Texas, and it will expand to other states.

Trump said it was “by far the largest AI infrastructure project in history.”

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Before Trump began his second term, he sought to increase private business investment in the United States. Son joined Trump in the announcement last month Softbank's plans For a $100 billion investment aimed at creating 100,000 new American jobs.

A White House official told FOX Business that since the election, Trump has now secured $1 trillion in private investment for the United States in various projects.

As a candidate in 2016, Trump promised to pass a $1 trillion infrastructure bill through Congress. He talked about this topic often during his first term as president from 2017 to 2021, but to no avail.

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His Democratic successor, Joe Biden, signed a $1 trillion infrastructure bill in 2021 with Republican and Democratic lawmakers to fund thousands of projects to rebuild roads and bridges and fund new climate resilience and broadband initiatives.

Then-President Joe Biden speaks during an event in the South Court Auditorium of the Eisenhower Executive Office Building at the White House on October 23, 2023 in Washington. During the event, Biden talked about the “Bidenomics” of the administration. (Anna Moneymaker/Getty Images/Getty Images)

A second Trump administration and a new Congress will have opportunities to rubber-stamp Biden's infrastructure legislation. Agency officials will be able to tens of billions of dollars in prize money In the remaining competitive grants, the Brookings Institution said in a blog post in November.

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Trump, meanwhile, has signed dozens of executive orders since taking the oath of office on Monday, touting his administration's goals on issues ranging from illegal immigration to withdrawing from the World Health Organization.

Edward Lawrence of FOX Business, Paul Steinhauser of Fox News Digital and Reuters contributed to this report.