– President Trump to announce up to $500 billion in AI infrastructure investment. – Tech giants OpenAI, SoftBank, and Oracle to launch the Stargate initiative. – Initial commitment of $100 billion for four years, starting with a Texas data center. – Additional investors are expected to join, with expansions planned across various states.
Key Investment Announcement
President Trump is poised to reveal a significant private sector investment of up to $500 billion aimed at enhancing artificial intelligence infrastructure within the United States. Major tech players, including OpenAI, SoftBank, and Oracle, are reportedly collaborating on this initiative called Stargate, which seeks to transform AI capabilities nationally.
Key Players and Initial Commitments
During a planned meeting at the White House, notable executives such as Masayoshi Son of SoftBank, Sam Altman of OpenAI, and Larry Ellison of Oracle are expected to announce an initial commitment of $100 billion, part of a broader investment strategy over the next four years. The specific details regarding the venture’s scope remain undisclosed as of now.
Initial Project and Future Expansion
The first phase of the Stargate initiative will involve launching a data center project in Texas. Subsequent expansions are anticipated to extend into other states across the country, potentially bringing on additional investors to support the ambitious venture. Though specific participating investors were not identified, the collaborative nature of Stargate indicates substantial backing within the tech industry.
This significant investment by key tech leaders signifies a strategic commitment to advancing the United States’ position in artificial intelligence infrastructure. The collaboration between OpenAI, SoftBank, and Oracle under the Stargate initiative emphasizes the importance of public-private partnerships in fostering technological advancement.
Original Source: www.cbsnews.com
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