President Donald Trump has announced a major initiative aimed at bolstering American leadership in artificial intelligence (AI). The initiative, which includes a pledge of at least $500 billion in investment from tech giants over four years, is expected to significantly reshape the US energy landscape and fuel a technological rivalry with China. The centerpiece of the initiative is the newly formed Stargate Project, a collaboration between SoftBank, OpenAI, Oracle, MGX, Microsoft, and Nvidia. Construction is already underway at a site in Texas, with an initial investment of $100 billion anticipated. Trump has pledged his administration's support, including the utilization of emergency declarations, to facilitate the rapid development of data centers crucial to AI advancement.
A power substation near a the LC1 CloudHQ data center in Ashburn, Virginia, US, on Wednesday, March 27, 2024. President Donald Trump announced an initiative Tuesday for several technology giants to invest at least $500 billion in artificial intelligence and data centers at U.S. locations over four years, a move that could shake up the electricity mix and heat up a technology race with China . The Stargate Project is a new company with SoftBank, OpenAI, Oracle and MGX as lead investors.
Microsoft and Nvidia are partnering in the project and construction at one site has started at a site in Texas, according to an Open AI press release. Approximately $100 billion is expected to be spent on Stargate “immediately,” the company said. At the White House, Trump said he would help with Stargate’s developments “a lot” through emergency declarations. 'We have to get this stuff built .… They have to produce a lot of electricity, and we’ll make it possible for them to get that production done very easily,' Trump said. 'What we want to do is keep in this country. China is a competitor,' added Trump, who appeared at the White House with Softbank’s CEO Masayoshi Son, OpenAI CEO Sam Altman and Oracle Chief Technology Officer Larry Ellison. The announcement deepens the influence of large technology companies over the administration, which is working closely with Tesla CEO Elon Musk and has support from several other sector leaders. AI is a significant driver of the energy policy of Trump, who announced before his inauguration during a press conference that real estate developer Hussain Sajwani would to build data centers in eight states. He and his Cabinet picks have pushed for an increase in drilling and energy production to meet surging demand for AI. The growth in AI-driven data centers is expected to be a chief determinant of the makeup of the power grid — and its emissions — over the next two decades. A December report from Lawrence Berkeley National Laboratory concluded that electricity demand from data centers by 2028. Many state officials — including from data center hub Virginia — have said they are uncertain how the grid will accommodate all the new power. In calling for an energy emergency on Monday, Trump cited an “inadequate and intermittent energy supply” and unreliable grid, saying they would worsen unless action is taken to power “the next generation of technology.” At his confirmation hearing this month, Trump’s pick to lead the Interior Department, Doug Burgum, made a similar argument, saying that “clean coal” could help address inadequate electricity supplies to meet demand for AI. 'Particularly with this AI battle, people don't understand what is coming,' said Burgum before the Senate Energy and Natural Resources Committee. It was not immediately clear what power sources Stargate might tap for its data centers or if the total funding amount includes previous funding for data centers announced by the companies. Stargate officials said they were currently evaluating potential sites across the country. Ellison said Stargate data centers already under construction in Abilene, Texas, currently involve 10 buildings that will expand to 20. Each building is a half million square feet, he said. Mandy DeRoche, a deputy managing attorney at Earthjustice, urged the technology leaders in a statement to turn to low-carbon energy in supporting AI. 'The projected massive growth in demand for electricity from data centers has already raised electricity rates for households and small businesses in many parts of the country and threatens to increase pollution,” DeRoche said. Technology giants like Microsoft have announced billion-dollar plans to build data centers around the country. In some cases, they’ve inked deals to power the facilities with On Monday, Trump rescinded a 2023 executive order from then-President Joe Biden on AI requiring developers that pose risks to national security, the economy or public health to share results from safety tests with the federal government. That order also had Electricity demand from data centers also was a top topic of discussion between Biden and Trump officials, according to outgoing DO
Business Artificial Intelligence Data Centers Energy Policy Investment Technology Race China Donald Trump Stargate Project Softbank Openai Oracle MGX Microsoft Nvidia
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.
Trump Unveils $500 Billion AI Investment Plan, 'Building the Future of America'President Trump made a significant announcement on his first full day in office, unveiling a $500 billion investment in artificial intelligence (AI) infrastructure. The initiative, dubbed 'Stargate,' will see OpenAI, SoftBank, and Oracle collaborate to create a new American company focused on AI development. Trump stated that Stargate will generate over 100,000 jobs and the initial investment will be $100 billion. This move aims to solidify America's position at the forefront of AI innovation, competing with China in the global AI race.
Read more »
Trump Unveils $500 Billion AI Infrastructure ProjectPresident 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.
Read more »
Trump Unveils $500 Billion AI Infrastructure InvestmentPresident Trump announced a new $500 billion investment in AI infrastructure by a partnership formed by OpenAI, Oracle, and SoftBank. The venture, Stargate, will build data centers and power generation facilities in Texas, starting with a $100 billion initial investment. Trump hailed the initiative as a “resounding declaration of confidence in America’s potential.”
Read more »
Trump Unveils $500 Billion AI Infrastructure Investment, Rolls Back Biden-Era GuardrailsPresident Trump announced a significant $500 billion private investment to develop AI infrastructure in the United States. This initiative coincides with the Trump administration's decision to overturn safety measures implemented by former President Biden. Experts believe this investment could position the US as a global leader in AI.
Read more »
Trump Unveils $500 Billion Stargate Project to Dominate AIPresident Donald Trump announced the Stargate Project, a monumental private-sector initiative to transform AI infrastructure in the United States. Collaborating with OpenAI, SoftBank, and Oracle, the project aims to build advanced data centers and solidify America's leadership in AI development.
Read more »
Trump Unveils $500 Billion AI Initiative with OpenAI, Oracle, and SoftBankPresident 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.
Read more »