Trump announces major AI infrastructure investment [Video]

President Donald Trump unveiled a massive artificial intelligence (AI) infrastructure project from the private sector on the first full day of his second term in office on Tuesday.

During a speech at the White House, Trump announced that Softbank, OpenAI and Oracle have joined forces for a project called Stargate, to build data centers in the U.S. for powering AI. 

The CEOs of all three tech firms – OpenAI’s Sam Altman, Oracle’s Larry Ellison, and Softbank’s Masayoshi Son – joined Trump from the Roosevelt Room at the White House for the announcement.

The initial investment for the project will be $100 billion, with plans to expand to $500 billion over the next four years. The first data center built under the initiative will be in Texas, and it will eventually expand to other states. 

Trump said it is “the largest AI infrastructure project, by far, in history.”

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