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
06:20
The Kremlin announced on Monday that it is working with the United States on potential peace efforts for Ukraine, despite President Donald Trump's recent outburst expressing frustration with Russian President Vladimir Putin.
05:38
The Democratic Party filed a lawsuit on Monday seeking to block President Donald Trump’s executive order aimed at overhauling the U.S. election system, arguing the changes could disenfranchise eligible voters.
03:06
U.S. President Donald Trump described the French court’s decision to bar far-right leader Marine Le Pen from the 2027 presidential election as a “very big deal,” comparing her situation to his own legal troubles.
01:13
President Donald Trump said on Sunday he was not joking about seeking a third presidential term but did not clarify how he would circumvent the U.S. Constitution’s two-term limit.
20:52
Trump's Presidency
President Trump confirmed he is serious about a potential third term, despite constitutional limits, saying it is “far too early” to decide. While U.S. presidents are restricted to two terms, Trump allies are exploring ways to challenge this rule ahead of the 2028 election.
What is your opinion on this topic?
Leave the first comment