Trump Unveils $500 Billion AI Infrastructure Plan with Tech Giants
In a major move to boost artificial intelligence (AI) development in the U.S., President Donald Trump joined forces with top tech leaders to announce a groundbreaking $500 billion investment in AI infrastructure. The project, dubbed *Stargate*, aims to create 100,000 jobs and solidify America’s position as a global leader in AI technology. The announcement was made at the White House on Tuesday, with OpenAI CEO Sam Altman, SoftBank CEO Masayoshi Son, and Oracle Chairman Larry Ellison standing alongside the president. Trump called it the “largest AI infrastructure project in history,” with an initial investment of $100 billion and plans to scale up to $500 billion over time. Stargate will focus on building the physical and virtual infrastructure needed to power next-gen AI systems, including massive data centers across the country. The first facility, a 1 million-square-foot data center, is already under construction in Texas. AI experts have long warned that the U.S. needs more data centers, chips, and resources to keep up with the growing demands of AI technology. Altman emphasized the importance of this project, calling it “the most important of this era” and crediting Trump for making it possible. The initiative is also seen as a strategic move to stay ahead of China in the global AI race. OpenAI has previously urged the U.S. government to invest heavily in AI infrastructure to ensure American technology outpaces Chinese advancements. Oracle highlighted the project’s potential to create jobs and boost the economy, while SoftBank will handle the financial side of the venture. A fourth partner, MGX, is also contributing funds. This isn’t the first time a U.S. president has teamed up with companies to announce big investments. However, past projects, like Trump’s 2017 deal with Foxconn, have had mixed results. Still, the stakes are high for Stargate, as AI is expected to reshape industries, economies, and even national security. The announcement comes as Trump reversed a 2023 executive order by former President Joe Biden aimed at regulating AI risks, signaling a shift in focus toward rapid development and investment. With billions on the line and thousands of jobs at stake, all eyes are on Stargate to see if it can deliver on its ambitious promises. ---
Trump Unveils $500 Billion AI Infrastructure Plan with Tech Giants
https://www.99newz.com/posts/trump-ai-infrastructure-investment-2095
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99newz.com
Published at
2024-12-16
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CC BY-NC-SA 4.0