President Trump announced a massive $500 billion AI infrastructure project spearheaded by Softbank, OpenAI and Oracle. The project, called Stargate, will see the construction of data centers across the US to fuel AI development. The first center will be built in Texas.
President Donald Trump launched a substantial artificial intelligence (AI) infrastructure project spearheaded by the private sector on the first full day of his second term in office. During a White House address, Trump revealed that Softbank , OpenAI, and Oracle have partnered to establish a project designated as Stargate, aimed at constructing data centers within the United States to fuel AI development.
The CEOs of these prominent tech companies – Sam Altman of OpenAI, Larry Ellison of Oracle, and Masayoshi Son of Softbank – joined Trump in the Roosevelt Room at the White House for the announcement. The initial investment for this ambitious project will be $100 billion, with an anticipated expansion to $500 billion over the subsequent four years. The inaugural data center constructed under this initiative will be situated in Texas, with plans to extend its reach to other states. Trump asserted that this marks 'the largest AI infrastructure project, by far, in history.'Prior to his second term, Trump had been actively encouraging private business investments within the United States. Last month, Son had joined Trump in announcing Softbank's commitment to a $100 billion investment in America, projected to generate 100,000 new jobs. A White House official disclosed to FOX Business that following the election, Trump has secured a staggering $1 trillion in private investment for the U.S. across various projects. During his 2016 presidential campaign, Trump pledged to pass a $1 trillion infrastructure bill through Congress. Throughout his first term from 2017 to 2021, he frequently discussed the subject, but it ultimately failed to materialize.In contrast, Trump's Democratic successor, Joe Biden, signed a $1 trillion infrastructure bill into law in 2021 with bipartisan support from both Republican and Democrat lawmakers. This legislation aims to fund thousands of projects for the revitalization of roads and bridges, along with initiatives focused on climate resilience and broadband expansion. The second Trump administration and the newly constituted Congress will have the opportunity to make their mark on the infrastructure law enacted by Biden. Agency officials will be empowered to allocate tens of billions of dollars in remaining competitive grants, as highlighted by the Brookings Institution in a November blog post.Meanwhile, Trump has issued numerous executive orders since his inauguration on Monday, advancing his administration's goals on a range of issues, from illegal immigration to the withdrawal of the United States from the World Health Organization. This comprehensive AI infrastructure project marks a significant development in Trump's second term agenda, signaling his commitment to fostering technological innovation and economic growth
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