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Trump unveils $500 billion Stargate AI initiative and discusses TikTok’s future

5 0
23.01.2025

In a move that signals a major shift in the technological and geopolitical landscape, US President Donald Trump announced on January 21 a groundbreaking initiative to propel the United States to the forefront of artificial intelligence (AI) innovation. The project, dubbed Stargate, is a $500 billion endeavor involving US-based OpenAI, Japanese conglomerate SoftBank, and American software giant Oracle. The initiative aims to build a robust infrastructure for next-generation AI development, including massive data centers across the country.

The announcement, made at the White House, was attended by the CEOs of all three participating companies-Sam Altman of OpenAI, Larry Ellison of Oracle, and Masayoshi Son of SoftBank. Each of these tech leaders expressed enthusiasm for the project, describing it as a pivotal moment in technological innovation and economic growth.

“Stargate will immediately begin building the physical and virtual infrastructure to support the next generation of AI advances,” Trump said during the event. He highlighted the scale of the investment, revealing that each company would contribute an initial $100 billion, with the total investment reaching $500 billion over the coming years.

The project is expected to create over 100,000 jobs in the US, primarily in the technology and construction sectors. Trump emphasized that the initiative represents a significant vote of confidence in the American economy under his administration. “This ambitious project is a powerful affirmation of faith in America’s potential under the leadership of the new president,” he said.

Oracle CEO Larry Ellison........

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