President Trump announced a new $500 billion AI initiative called Stargate, alongside representatives from OpenAI, SoftBank, and Ellison's company, aiming to accelerate technological advancements and cure diseases like cancer. Business leaders praised the initiative, predicting it would create hundreds of thousands of jobs and usher in a golden age of American innovation. Trump also emphasized the importance of AI for national security and economic competitiveness, reversing several of Biden's executive orders that aimed to regulate the technology.
Tuesday at the White House alongside reps from three tech and investment giants — with those business leaders asserting the initiative could cure cancer.“These world-leading technology giants are announcing the formation of Stargate,” Trump said. “So put that name down in your books, because I think you’re going to hear a lot about it in the future — a new American company that will invest $500 billion at least in AI infrastructure in the United States.
“Once we gene sequence that cancer tumor, you can then vaccinate the person —design a vaccine for every individual person that vaccinates them against that cancer.Ellison said that as part of the new project “10 buildings currently being built, but that will expand to 20.” Son added that “artificial super intelligence will come to solve the issues that mankind never, ever have thought that we could solve.”Trump said the project should create around 100,000 new jobs and will “ensure the future of technology” in the US amid its competition with China.
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