‘This is the money that normally would have gone to China or other countries,’ Trump said, calling it the largest AI infrastructure project in history.
WASHINGTON—President Donald Trump on Jan. 21 announced $500 billion in private sector investment to build artificial intelligence (AI) infrastructure in the United States.
OpenAI, Softbank, and Oracle will invest in the infrastructure through their joint venture, Stargate.
Trump described it as the “largest AI infrastructure project by far in history.”
Speaking during a press conference at the White House, the president said that the new American company will invest at least $500 billion in AI infrastructure in the United States, creating in the short term 100,000 American jobs.
“This monumental undertaking is a resounding declaration of confidence in America’s potential under a new President,” Trump said. “This is the money that normally would have gone to China or other countries.”
SoftBank’s billionaire CEO Masayoshi Son, OpenAI CEO Sam Altman, and Oracle co-founder Larry Ellison joined Trump during the announcement at the White House.
Trump said, Stargate is “building the physical and virtual infrastructure to power the next generation of advancements in AI, and this will include the construction of colossal data centers.”
Speaking at the event, Ellison stated that the data centers are now under construction in Texas and will expand to other areas throughout the country.Trump said, Stargate is “building the physical and virtual infrastructure to power the next generation of advancements in AI, and this will include the construction of colossal data centers.”
Speaking at the event, Ellison stated that the data centers are now under construction in Texas and will expand to other areas throughout the country.Trump said, Stargate is “building the physical and virtual infrastructure to power the next generation of advancements in AI, and this will include the construction of colossal data centers.”
Speaking at the event, Ellison stated that the data centers are now under construction in Texas and will expand to other areas throughout the country.
He emphasized the need for artificial intelligence in health care and early cancer detection.
“This is the beginning of our golden age,” Son said.
He noted that the new company, Stargate, “will immediately start deploying $100 billion” with the goal of increasing that investment amount to $500 billion within the next four years.
“This is going to be the most important project of this era,” Altman added.
