Trump Unveils Ambitious AI Infrastructure Plan
In a major move to bolster the US’s artificial intelligence capabilities, President Donald Trump announced a massive $500 billion private sector investment to build AI infrastructure across the country. The joint venture, dubbed Stargate, brings together industry giants Oracle, OpenAI, and SoftBank, with other companies expected to join the initiative in the coming years.
A New Era for AI in the US
The project is set to kick off with a data center project in Texas, according to reports. Company executives pledged an initial investment of $100 billion at a White House event on Tuesday, with the goal of reaching $500 billion in the near future. The venture is expected to create over 100,000 American jobs almost immediately, according to Trump.
Industry Leaders Commit to the Cause
Oracle CEO Larry Ellison, OpenAI chief Sam Altman, and SoftBank CEO Masayoshi Son were all in attendance at the White House event, demonstrating their commitment to the project. The news sent Oracle’s stock soaring, with a 7% jump on Tuesday and a continued ascent in after-hours trading.
A Shift in AI Policy
The announcement comes on the heels of Trump’s decision to rescind a Biden-era executive order that established safety guidelines for generative AI. The move marks a significant shift in the government’s approach to AI regulation, with Big Tech executives taking notice.
A Busy First Week for Trump
The AI infrastructure plan is just one of several major initiatives announced by Trump in his first week in office. The president also invoked a national energy emergency, focused on immigration reform, and is expected to unveil his highly anticipated tariff plans later this week. With the tech sector cozying up to the new administration, it’s clear that Trump is wasting no time in making his mark on the industry.
Leave a Reply