[ad_1]
President Donald Trump unveiled a $500 billion private-sector initiative on Tuesday to strengthen U.S. artificial intelligence infrastructure and spur growth.
Dubbed the Stargate Project, the plan comes a day after he repealed a Biden-era executive order aimed at regulating AI risks.
The new AI initiative will include several leading AI developers, including ChatGPT creator OpenAI, Oracle, and Japanese Conglomerate Softbank. Other companies involved include Microsoft, British semiconductor developer Arm, and Nvidia, though their contributions were not disclosed.
“Stargate will invest $500 billion, at least, in AI infrastructure in the United States and move very quickly to create over 100,000 American jobs,” Trump said during a press conference. “This monumental undertaking is a resounding declaration of confidence in America’s potential under a new president.”
Joining Trump in the announcement were Oracle CEO Larry Ellison, OpenAI CEO Sam Altman, and Softbank CEO Masayoshi Son. As Ellison explained, the first Stargate data centers are being built near Abilene, Texas, with more sights planned in other states.
“AI holds i…
[ad_2]
