U.S. President Donald Trump announced a groundbreaking $500 billion private-sector investment to bolster artificial intelligence (AI) infrastructure, launching the largest AI initiative in history during an event on January 21 alongside tech leaders Larry Ellison, Masayoshi Son, and Sam Altman.
U.S. President Donald Trump unveiled plans for an unprecedented $500 billion private-sector investment in artificial intelligence (AI) infrastructure on January 21, marking the largest AI initiative in history.
Joined by tech leaders Larry Ellison of Oracle, Masayoshi Son of SoftBank, and Sam Altman of OpenAI, Trump announced the creation of Stargate, a Texas-based joint venture aimed at building cutting-edge data centers and creating over 100,000 jobs.
“This is the largest AI infrastructure project ever, and it’s all happening here in America,” Trump stated, emphasizing the importance of keeping AI advancements domestic amid global competition.
The project’s first phase includes $100 billion in immediate funding, with plans to scale to $500 billion over four years. Initial construction of massive data centers has already begun in Texas.
Stargate’s technology partners, including Nvidia and Microsoft, will support the venture, which aims to address key challenges through AI while solidifying the U.S. as a global AI leader.
OpenAI CEO Sam Altman described the project as transformative: “This will be the most important project of this era, creating a new industry and reshaping the future of AI right here in the United States.
Read next
16:00
Arms package
The U.S. is set to offer Saudi Arabia a weapons deal worth over $100B during Trump’s visit in May. The package includes advanced systems like drones and C-130 planes, with discussions on F-35 jets. The deal follows Biden’s failed defense pact negotiations.
15:26
Trump
In an expansive interview marking his first 100 days back in office, President Donald Trump sketched out an agenda that touches everything from punitive tariffs and China policy to cease-fire hopes in Ukraine and an overhaul of domestic programmes. Below are the highlights.
14:53
U.S.- China trade
U.S. President Donald Trump told *Time* on Friday that he and China’s Xi Jinping are negotiating a tariff deal and have spoken by phone—an account Beijing continues to challenge.
14:32
A top envoy from President Donald Trump’s administration arrived in Moscow for talks with President Vladimir Putin on Thursday, just hours after a high-ranking Russian general was assassinated in a rare car bomb attack in the capital.
09:23
LNG Summit
The United States is set to host an energy summit in Alaska in early June, where President Donald Trump’s administration hopes Japan and South Korea will commit to the $44 billion Alaska LNG project, a major energy initiative aimed at expanding U.S. gas exports to Asia.
What is your opinion on this topic?
Leave the first comment