On the second day of his presidency, Donald Trump announced billions of dollars worth of investment to build artificial intelligence infrastructure in the United States of America. Trump said that three big players in the private sector—OpenAI, Softbank, and Oracle—are planning a joint venture called Stargate.
President Trump was joined by OpenAI CEO Sam Altman, Softbank CEO Masayoshi Son, and Oracle CEO Larry Ellison. Trump said that Stargate will invest at least $500 billion into AI infrastructure in the US, creating over 100,000 American jobs almost immediately.
“This monumental undertaking is a strong vote of confidence in America’s future and leadership under this administration. This project ensures that the United States will remain the global leader in AI and technology, rather than letting competitors like China gain the edge,” Trump said.
The Stargate Project is essentially a new company that aims to invest $500 billion towards building advanced AI infrastructure in the US over the next four years. The initiative will invest $100 billion almost immediately. This ambitious project seeks to push American AI leadership, create hundreds of thousands of jobs, and provide significant global economic benefits.
The project backs US re-industrialization and enhances national security capabilities. Softbank, Oracle, OpenAI, and MGX are the key stakeholders, with Softbank handling the financial aspect and OpenAI overseeing the operations. Masayoshi Son will be the chairman, and the technology partners include Arm, Microsoft, NVIDIA, Oracle, and OpenAI.
When it comes to physical infrastructure, the construction has begun in Texas, with plans to expand to other locations in the US. Project Stargate aims to drive the development of artificial general intelligence (AGI). This project is a significant leap in AI’s progress.
Many details about the Stargate Project are still under wraps. OpenAI has posted a general outline on its official website; however, more information about this ambitious project is expected to be announced in the coming days.
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