Trump’s $500 billion investment in AI: A transformative move involving OpenAI, Oracle, and SoftBank.
On January 21, 2025, President Donald Trump made a significant announcement regarding the “Stargate” initiative, a collaboration with OpenAI, Oracle, and SoftBank, which aims to invest up to $500 billion in artificial intelligence infrastructure in the United States. The initiative will begin with an initial investment of $100 billion, concentrating on the development of advanced data centers and renewable energy facilities in Texas to facilitate AI growth. Over the next four years, it is expected to create more than 100,000 jobs throughout the U.S. The announcement was attended by prominent…