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Trump touts $500bn project to build A.I. infra in America
Hindustan Times Amritsar
|January 23, 2025
Trump speaks: From Ukraine war to China tariffs
WASHINGTON: President Donald Trump on Tuesday announced a major investment to build infrastructure for artificial intelligence (AI) 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 said in remarks at the White House.
"This monumental undertaking is a resounding declaration of confidence in America's potential," he said, a day after his swearing in for a second term.
OpenAI's chief executive Sam Altman, SoftBank's chief Masayoshi Son, and Oracle founder Larry Ellison attended the announcement.
Their project is committed to investing an initial $100 billion and up to $500 billion over the next four years in the project, according to Son.
This story is from the January 23, 2025 edition of Hindustan Times Amritsar.
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