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.

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.

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

OpenAI, Oracle, and Softbank plan to form a new joint venture, Stargate, announced by Donald Trump on Tuesday. Stargate will invest $500 billion over the

The new president needs the tech industry more than it needs him.

OpenAI CEO Sam Altman called Stargate, “the most important project for this era” and promised that all of the new investment his company was making would help cure diseases. Altman was actually prompted by Trump to talk about the medical advances that AI would supposedly figure out.