Key Points:
- President Trump announces a joint venture with OpenAI, Oracle, and SoftBank, starting with $100 billion in Texas to build cutting-edge AI infrastructure.
- The partnership, named Stargate, has already begun constructing 10 data centers, aiming to revolutionize healthcare with personalized vaccines and advanced AI applications.
- Backed by top tech giants, this initiative positions the U.S. ahead in the AI arms race against China, despite regulatory challenges after overturning Biden’s 2023 AI safety order.
President Donald Trump announced a historic AI investment of up to $500 billion in a joint venture involving OpenAI, Oracle, and SoftBank.
Trump’s $500 Billion AI Investment Plan
The new partnership, named Stargate, aims to develop infrastructure tied to artificial intelligence, focusing on building data centres and electricity generation facilities. The initial $100 billion investment will begin in Texas, with plans to quintuple the amount in the coming years.
During the White House event, Trump was joined by Masayoshi Son of SoftBank, Sam Altman of OpenAI, and Larry Ellison of Oracle. Altman, OpenAI’s CEO, called Stargate “the most important project of this era,” while Ellison revealed that 10 data centres are already under construction. He also emphasized that the project could revolutionize healthcare through digital health records and personalized vaccines for diseases like cancer.
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Stargate Launches Revolutionary Data Centers
Masayoshi Son declared, “This is the beginning of a golden age,” highlighting Trump’s vision for a prosperous AI-driven future. While Trump positioned this AI investment as a key achievement of his administration, industry experts note that planning began during the Biden administration. OpenAI, known for its ChatGPT chatbot, spearheads the effort alongside partners such as NVIDIA, Arm, and MGX.
Trump overturned a 2023 order by Joe Biden that established AI safety standards, raising concerns about potential risks. However, the AI investment by Stargate signifies the U.S.’s determination to dominate the global AI race, particularly against rivals like China. With an emphasis on infrastructure and innovation, this venture could redefine the nation’s technological and economic landscape.
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