
President Trump announced a major investment in artificial intelligence infrastructure during a White House briefing on Tuesday. The project, called Stargate, is a joint venture between OpenAI, Softbank, and Oracle. The companies plan to invest $500 billion over the next four years to build data centers and develop AI technology.
President Trump emphasized the importance of keeping AI development in the United States, stating that China and other countries are competitors in this field. He also declared an emergency to expedite the construction of the data centers, citing the need for increased electricity production to support the project.
Executives from the companies involved in Stargate provided details about the project. Larry Ellison, CEO of Oracle, stated that 10 data centers are already under construction in Texas, with plans for expansion to other states. Sam Altman, CEO of OpenAI, expressed his belief that Stargate will be the most important project of this era.
The executives also discussed the potential benefits of AI, particularly in the healthcare field. Altman believes that AI will lead to the cure of diseases at an unprecedented rate. Masayoshi Son, CEO of Softbank, added that AI will revolutionize many industries and create millions of jobs.
While details about the project are still emerging, Stargate represents a significant investment in AI development and has the potential to shape the future of the technology.