President Trump announced a $500 billion joint venture investment in AI infrastructure by OpenAI, Oracle, and SoftBank, creating a new entity called Stargate. The investment, starting at $100 billion, aims to develop data centers and electricity generation in Texas for AI advancement. Figures like SoftBank’s Masayoshi Son praised Trump’s role in facilitating the project’s launch, emphasizing its potential impact on healthcare and job creation. The project, with partners like Microsoft, Arm, and NVIDIA, precedes Trump’s presidency and highlights the competitive race against China in AI development. Trump’s reversal of AI safety standards created some controversy amidst the project’s announcement.
https://apnews.com/article/trump-ai-openai-oracle-softbank-son-altman-ellison-be261f8a8ee07a0623d4170397348c41