Trump announces a $500 billion AI infrastructure investment in the US
Trump announces a $500 billion AI infrastructure investment in the US On Tuesday, three major technology companies revealed plans to form a new entity named Stargate, aimed at expanding artificial intelligence (AI) infrastructure in the United States. Sam Altman, CEO of OpenAI, Masayoshi Son, CEO of SoftBank, and Larry Ellison, Chairman of Oracle, gathered at the White House alongside President Donald Trump to announce the initiative, which Trump described as the “largest AI infrastructure project in history.” The companies will initially invest $100 billion into the project, with the intention of potentially contributing up to $500 billion in the future. Trump also stated that the endeavor is expected to create 100,000 jobs across the U.S. Stargate’s mission is to construct both physical and virtual infrastructure necessary to power the next generation of AI. This includes the establishment of data centers nationwide. Ellison shared that the group’s first data center, covering 1 milli...