Stargate: Trump announces $500 billion artificial intelligence initiative
Posted: Thu Jan 30, 2025 6:43 am
BlogInnovazione.it 2025-01-24
Stargate Artificial Intelligence
President Donald Trump on Tuesday announced $500 billion in new private sector investment to build artificial intelligence infrastructure in the United States.
The companies involved will be Oracle, ChatGPT maker OpenAI, and Japanese conglomerate SoftBank.
The joint venture, called Stargate, is expected to begin with a data center project in Texas, according to CBS News, which first reported the news .
Company executives were expected to commit to an initial $100 billion investment in an portugal rcs data appearance at the White House on Tuesday. More companies are expected to join the effort, bringing the program's investment to as much as $500 billion in the coming years.
Oracle shares jumped 7% on Tuesday and continued their climb, rising more than 8% in premarket trading on Wednesday.
Present at Tuesday's event were SoftBank CEO Masayoshi Son, OpenAI leader Sam Altman and Oracle CEO Larry Ellison.
Trump said the initiative would "create 100,000 American jobs almost immediately."
Stargate Artificial Intelligence
President Donald Trump on Tuesday announced $500 billion in new private sector investment to build artificial intelligence infrastructure in the United States.
The companies involved will be Oracle, ChatGPT maker OpenAI, and Japanese conglomerate SoftBank.
The joint venture, called Stargate, is expected to begin with a data center project in Texas, according to CBS News, which first reported the news .
Company executives were expected to commit to an initial $100 billion investment in an portugal rcs data appearance at the White House on Tuesday. More companies are expected to join the effort, bringing the program's investment to as much as $500 billion in the coming years.
Oracle shares jumped 7% on Tuesday and continued their climb, rising more than 8% in premarket trading on Wednesday.
Present at Tuesday's event were SoftBank CEO Masayoshi Son, OpenAI leader Sam Altman and Oracle CEO Larry Ellison.
Trump said the initiative would "create 100,000 American jobs almost immediately."