President Trump announced a historic partnership between OpenAI, Oracle, and SoftBank to invest over $500 billion in AI infrastructure over the next four years. Dubbed Stargate, the initiative aims to solidify America's leadership in AI and create over 100,000 jobs. While the project faces scrutiny from Elon Musk, who questions its funding, OpenAI CEO Sam Altman remains optimistic about its potential.
President Trump announced a groundbreaking partnership on Tuesday, uniting OpenAI, Oracle , and Softbank in a venture aimed at propelling artificial intelligence (AI) development in the United States . The initiative, dubbed Stargate , will channel over $100 billion into cutting-edge computing infrastructure, with an ambitious goal of investing a total of $500 billion over the next four years.
Trump, speaking at a White House press conference alongside company executives, emphasized the importance of keeping AI leadership within American borders. 'China is a competitor and others are competitors,' he stated, highlighting the global race for AI supremacy.The Stargate project is expected to create more than 100,000 American jobs, according to Trump, who hailed it as 'a resounding declaration of confidence in America's potential under a new president.' This ambitious undertaking underscores the potential for AI to fuel the U.S. economy, as companies worldwide vie to develop innovative AI products. The burgeoning field of AI is driving a surge in demand for data centers, the essential facilities that house the vast computing equipment required to train and maintain AI systems.However, despite the enthusiasm surrounding Stargate, questions remain about its feasibility and potential impact. Billionaire Elon Musk, a close advisor to Trump and head of the newly formed Department of Government Efficiency, publicly challenged the initiative on his social media platform X, formerly Twitter. 'They don't actually have the money,' Musk asserted, claiming SoftBank's secured funding was significantly less than the stated $10 billion. OpenAI CEO Sam Altman swiftly refuted Musk's claims, stating 'Wrong, as you surely know,' and inviting him to visit an already-underway Stargate site.Musk, who heads his own AI company, xAI, and was an early investor in OpenAI, is currently embroiled in a legal battle with the San Francisco-based company. He has accused OpenAI of prioritizing profits over the 'benefit of humanity.' While AI holds immense promise for addressing a wide range of challenges, from fighting wildfires to diagnosing diseases, concerns persist about its potential consequences for jobs, safety, and other societal issues. Trump has downplayed these concerns, repealing a 2023 executive order by former President Biden that aimed to establish safety guidelines for AI development.Joining OpenAI, Oracle, and SoftBank in funding Stargate is MGX, a technology fund based in the United Arab Emirates. Masayoshi Son, the CEO of SoftBank, will serve as the chairman of Stargate, with technology partners including Arm, Microsoft, and Nvidia. The first data centers for Stargate are under construction in Texas, according to Oracle Chief Technology Officer Larry Ellison. While the location of future data centers remains unclear, OpenAI's blog post indicates that Stargate is exploring potential sites across the United States. 'I'm thrilled we get to do this in the United States of America,' Altman stated at the news conference, expressing confidence that Stargate will become 'the most important project of this era.
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