From the Liveblog of
Wednesday, January 22, 2025
Trump touts $500 billion AI project from Softbank, Oracle, OpenAI
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US President Donald Trump announces a major investment to build infrastructure for artificial intelligence led by Japanese giant Softbank, cloud giant Oracle and ChatGPT-maker OpenAI.
The venture, called Stargate, “will invest $500 billion, at least, in AI infrastructure in the United States,” Trump says in remarks at the White House.
“This monumental undertaking is a resounding declaration of confidence in America’s potential,” he says.
OpenAI’s chief executive Sam Altman, SoftBank’s chief Masayoshi Son and Oracle founder Larry Ellison attend the announcement.
Their project is committed to invest an initial $100 billion and up to $500 billion over the next four years in the project, according to Son.
The venture comes as big tech players are scrambling to meet AI’s voracious computing needs, as well as find the electric power necessary to expand the new technology.
Trump says Stargate will be building the physical and virtual infrastructure to power the next generation of advancements in AI, including the construction of “colossal data centers.”
OpenAI later says in an X post that the project “will not only support the re-industrialization of the United States but also provide a strategic capability to protect the national security of America and its allies.”
The Times of Israel Community.