Emily Bary and Victor Reklaitis of MarketWatch report that President Trump announced a $500 billion AI infrastructure project, Stargate, involving OpenAI, SoftBank, and Oracle, aimed at creating 100,000 U.S. jobs. The initiative signals growing cooperation between the Trump administration and major tech companies. They write:
Will the new presidential administration play nice with large technology companies?
For now, it looks like there are some warm feelings — as President Donald Trump on Tuesday announced a major investment in artificial-intelligence infrastructure that calls for OpenAI, SoftBank Group Corp. and Oracle Corp. to create a joint venture named Stargate that will focus on data centers and other infrastructure projects.
Trump described Stargate as “a new American company that will invest $500 billion at least in AI infrastructure in the United States,” promising that it’ll create more than 100,000 American jobs. […]
The companies plan to put $100 billion into the initiative to start, with plans to get that up to $500 billion over four years, according to a CBS News report. Other companies yet to be named may join Stargate down the road. […]
“Mr. President, last month I came to celebrate your winning and promise that we will invest $100 billion, and you told me, ‘Oh, Masa, go for 200.’
Now I came back with 500,” Son said.Earlier this month, billionaire businessman Hussain Sajwani pledged to spend $20 billion or more on AI data centers in the U.S.
Read more here.
