Trump Launches $500 Billion AI Infrastructure Project 'Stargate'
The initiative, backed by SoftBank, Oracle, and OpenAI, aims to develop extensive AI infrastructure in the US.
Former US President Donald Trump announced the launch of a massive initiative named 'Stargate' on Tuesday, aimed at establishing artificial intelligence (AI) infrastructure in the United States.
The project is set to involve investment exceeding $500 billion, with participation from companies like Japan's SoftBank, OpenAI, and Oracle.
The announcement occurred during a ceremony at the White House, with prominent figures including SoftBank CEO Masayoshi Son, OpenAI's Sam Altman, and Oracle's Larry Ellison joining Trump.
The project is poised to commence its development in Texas before considering additional locations across the country.
Texas is emerging as a major hub for technology investments, potentially rivaling California.
The initiative marks a significant step in electronic investment in the AI field, demanding substantial computational resources, thus increasing reliance on specialized data centers capable of integrating thousands of chips.
In December, the North American Electric Reliability Corporation highlighted the growing risk within the US of energy supply shortages due to increased energy demands from AI data centers and other electrification initiatives.
OpenAI confirmed its partnership with SoftBank for the Stargate project, identifying SoftBank as the primary financial partner and OpenAI as the operational lead.
They also mentioned involvement from a fourth investor, MGX, while also noting the participation of key technology partners such as Arm, Microsoft, Nvidia, Oracle, and OpenAI itself.
Initial reports of the Stargate project saw stock prices for Oracle and other tech firms such as Nvidia and Arm Holdings rise.
These developments align with previous reporting from March 2024 by The Information, mentioning ongoing plans for a $100 billion data center project led by OpenAI and Microsoft, which includes a supercomputer named 'Stargate' aimed for completion by 2028.
Amid the project's unveiling, Trump addressed the need for European involvement in reinforcing support for Ukraine.
He hinted at potential further sanctions against Russia, should Vladimir Putin remain non-compliant in negotiations over the Ukraine conflict.
The project announcement comes two days into Trump's term, which saw a reversal of an executive order by predecessor Joe Biden intended to mitigate AI risks.
Biden, upon leaving office, left a 'kind' note for Trump, adhering to inauguration day traditions.
The project is set to involve investment exceeding $500 billion, with participation from companies like Japan's SoftBank, OpenAI, and Oracle.
The announcement occurred during a ceremony at the White House, with prominent figures including SoftBank CEO Masayoshi Son, OpenAI's Sam Altman, and Oracle's Larry Ellison joining Trump.
The project is poised to commence its development in Texas before considering additional locations across the country.
Texas is emerging as a major hub for technology investments, potentially rivaling California.
The initiative marks a significant step in electronic investment in the AI field, demanding substantial computational resources, thus increasing reliance on specialized data centers capable of integrating thousands of chips.
In December, the North American Electric Reliability Corporation highlighted the growing risk within the US of energy supply shortages due to increased energy demands from AI data centers and other electrification initiatives.
OpenAI confirmed its partnership with SoftBank for the Stargate project, identifying SoftBank as the primary financial partner and OpenAI as the operational lead.
They also mentioned involvement from a fourth investor, MGX, while also noting the participation of key technology partners such as Arm, Microsoft, Nvidia, Oracle, and OpenAI itself.
Initial reports of the Stargate project saw stock prices for Oracle and other tech firms such as Nvidia and Arm Holdings rise.
These developments align with previous reporting from March 2024 by The Information, mentioning ongoing plans for a $100 billion data center project led by OpenAI and Microsoft, which includes a supercomputer named 'Stargate' aimed for completion by 2028.
Amid the project's unveiling, Trump addressed the need for European involvement in reinforcing support for Ukraine.
He hinted at potential further sanctions against Russia, should Vladimir Putin remain non-compliant in negotiations over the Ukraine conflict.
The project announcement comes two days into Trump's term, which saw a reversal of an executive order by predecessor Joe Biden intended to mitigate AI risks.
Biden, upon leaving office, left a 'kind' note for Trump, adhering to inauguration day traditions.
