Project Stargate: Trump Plots With Larry Ellison, Sam Altman On $500B AI Initiative

United States News News

Project Stargate: Trump Plots With Larry Ellison, Sam Altman On $500B AI Initiative
United States Latest News,United States Headlines
  • 📰 THR
  • ⏱ Reading Time:
  • 56 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 26%
  • Publisher: 53%

Yes, that's the name of a 1994 Roland Emmerich movie. It's now a big infrastructure project to help power tech giants' foray into AI.

Donald Trump laughs with Larry Ellison at the White House during the unveiling of the Stargate project on Jan. 21.‘s first full day in office for his second presidential term, he gathered Oracle founder Larry Ellison, OpenAI CEO Sam Altman and SoftBank chief Masayoshi Son at the Roosevelt Room in the White House to unveil a $500 billion artificial intelligence project named after a 1994 Roland Emmerich sci-fi film about intergalactic portals.

“We have to get this stuff built,” Trump said in his prepared remarks that the president riffed off of, promising 100,000 jobs in the U.S. “So they have to produce a lot of electricity and we’ll make it possible for them to get that production done very easily at their own plants if they want, where they’ll build at the plant, the AI plant they’ll build energy generation and that will be incredible.

When Ellison — whom Trump called the “CEO of everything,” perhaps a nod to his involvement in son David’s Skydance deal to take over Paramount Global — took the podium, he added more detail. “The data centers are actually under construction. The first of them are under construction in Texas,” Ellison said. “Each building is a half a million square feet.

The race to build infrastructure domestically is one key component for the industry, and Silicon Valley executives have lobbied Donald Trump to help speed the way to build data centers in the country. “We’re going to make it as easy as it can be,” said the president. “This is money that normally would have gone to China.”

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

THR /  🏆 411. in US

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

The Stargate Project is a $500 million AI data center plan for OpenAIThe Stargate Project is a $500 million AI data center plan for OpenAIThe Stargate Project is a new company funded by SoftBank, OpenAI, Oracle, and MGX to build AI infrastructure for OpenAI in the US.
Read more »

Trump Announces Stargate Venture, Takes on Press in Second Day of White House ReturnTrump Announces Stargate Venture, Takes on Press in Second Day of White House ReturnPresident Trump, alongside SoftBank, OpenAI, and Oracle, launched a joint venture called Stargate. He held a press conference, addressing topics from TikTok's future to executive orders and the Russia-Ukraine war. Trump defended his recent actions, criticized Biden's pardons, and expressed willingness to meet with Zelensky and Putin.
Read more »

LNG project development company says it has an agreement to develop $44 billion Alaska projectLNG project development company says it has an agreement to develop $44 billion Alaska projectGlenfarne is working on LNG export projects in Texas and Lousiana.
Read more »

Fractured Democrats Remain in Chaos as Donald Trump Plots Bold AgendaFractured Democrats Remain in Chaos as Donald Trump Plots Bold Agenda Source of breaking news and analysis, insightful commentary and original reporting, curated and written specifically for the new generation of independent and conservative thinkers.
Read more »

Pennsylvania Governor Shapiro Plots Course for Second Trump TermPennsylvania Governor Shapiro Plots Course for Second Trump TermPennsylvania Governor Josh Shapiro, a potential 2028 presidential candidate, outlines his strategy for navigating a second Trump administration, emphasizing collaboration while safeguarding state freedoms.
Read more »

'To Instill Widespread Fear Is the Point': Trump Plots Chicago Immigration Raids'To Instill Widespread Fear Is the Point': Trump Plots Chicago Immigration RaidsJessica Corbett is a senior editor and staff writer for Common Dreams.
Read more »



Render Time: 2025-02-16 09:27:31