Trump and tech giants unite: $500B leap into AI future
President Donald Trump and the heads of Japan's SoftBank, Oracle, and OpenAI announced the Stargate project at the White House. These giants will invest up to $500 billion in constructing data centers and the infrastructure needed to advance artificial intelligence. The project aims to create superintelligence.
As Trump stated during his speech at the White House, the company leaders have decided to establish a joint venture that will invest at least $100 billion, and in the long term, up to $500 billion over four years in building data centers in America and help create 100,000 jobs.
This monumental undertaking is a profound declaration of confidence in America's potential under its new president, said Trump.
The head of OpenAI, Sam Altman, stated that the goal of the project is to create AGI superintelligence (artificial general intelligence) and that it will be "the most important project of this era."
SoftBank president Masayoshi Son noted that it is a sign of the "golden age of America" promised by Trump, and Oracle president and Trump supporter, billionaire Larry Ellison, announced that the project will contribute, among other things, to curing cancer and other diseases and the rapid development of vaccines.
According to "The Wall Street Journal," Stargate includes a number of previously announced projects, with the first 10 data centers to be built in Texas, and they are already under construction.
Tech oligarchy around Trump
Founders, owners, and leaders of the largest technology companies appeared on Monday at the inauguration of U.S. President Donald Trump. "Inauguration of the tech oligarchy" – this is how "The New Yorker" described Monday's ceremonies attended by billionaires and owners of technology firms. American media and experts describe it as a "tribute" or even "submission."
Among those at the ceremony were Elon Musk, founder of Tesla and SpaceX; Mark Zuckerberg, founder and CEO of Meta; Tim Cook, CEO of Apple; Google CEO Sundar Pichai; Alphabet owner Sergey Brin; Amazon founder and owner Jeff Bezos with partner Lauren Sanchez; The News Corp. owner Rupert Murdoch; Mukesh Ambani, owner of Reliance Industries; Sam Altman, co-founder and CEO of OpenAI; TikTok CEO Shou Zi Chew; Uber CEO Dara Khosrowshahi; and LVMH founder Bernard Arnault.
