Washington:
US President Donald Trump has announced a $500 billion investment in AI infrastructure through a new company created in partnership with Oracle, SoftBank and Open AI.
The venture, called Stargate, adds to technology companies' significant investments in U.S. data centers, huge buildings full of servers that provide computing power.
The three companies plan to contribute money to the venture, which will be open to other investors and will start with ten data centers already under construction in Texas.
“That's a huge group of talent and money. Together, these world-leading technology giants announce the creation of Stargate,” Trump announced Tuesday at a press conference at the White House, along with Oracle Chief Technology Officer Larry Ellison, Softbank CEO Masayoshi Son and Open AI CEO Sam Altman.
“So put that name in your books because I think you'll hear a lot about it in the future, a new American company that will invest at least $500 billion in AI infrastructure in the United States and very, very quickly and very quickly, creating more than 100,000 American jobs almost immediately,” said Trump, who was sworn in as the 47th President of the United States on January 20.
This monumental undertaking is a resounding statement of confidence in America's potential under a new president, he said.
“It will ensure the future of technology. What we want to do is keep it in this country. China is a competitor and others are competitors,” he added.
Start immediately: Stargate will build the physical and virtual infrastructure to power the next generation of advances in AI, Trump said.
This includes the construction of colossal data centers, very massive structures. “I was in real estate, these buildings, these are big, beautiful buildings that are going to employ a lot of people and physical campuses in locations that are currently being scouted nationally,” he said.
“They make their choice of location. I think they have their choice. I would ask Larry, Sam and Masa to say a few words and talk a little bit about what they do and if you have any questions and then we'll also go into a few other topics. But this to me is a very big thing, a $500 billion Stargate project,” he said.
Ellison said they certainly couldn't do this without Trump.
“It would simply be impossible. AI holds incredible promise for all of us, for every American. We've been working with Open AI for a while and with Masa for a while. The data centers are actually under construction,” he said. .
“The first of these are under construction in Texas. Each building is half a million square feet. Ten buildings are currently under construction, but will expand to 20, and other locations beyond the Abilene location, which is our first location” , he added.
“The kind of applications that we're building, just to give you an idea, maybe the most charismatic and the one that I think affects all of us is electronic health records, not just keeping electronic health records, but looking at electronic medical records. better understand the condition of physicians, better understand the condition of their patients, and be able to provide health care plans that are much better than they would otherwise be able to see Kettering would treat the patient, or a doctor would Stanford would treat it patiently,” he said.
“This is the beginning of the golden era. We wouldn't have decided unless you had won. And yesterday, we agreed, we signed to make this happen,” the SoftBank CEO said, adding that his company immediately would deploy $100 billion, with a goal of earning $500 billion within the next four years.
Describing this as the most important project of this era, Altman said it will be an exciting project.
“I think we can do all the wonderful things that these guys were talking about. But the fact that we get to do this in the United States, I think, is amazing,” he said.
Trump said before the end of his first full day in office in Washington at the White House that he has already secured nearly $3 trillion in new investment in the United States and that will likely reach $6 trillion or $7 trillion by the end of this year. the week.
“There's huge amounts of money coming in for a lot of things other than even AI. AI seems to be very popular,” he said.
(Except for the headline, this story has not been edited by Our staff and is published from a syndicated feed.)