Trump Joins Forces with Tech Leaders for Historic AI Expansion

Donald Trump has introduced a landmark initiative in collaboration with tech giants OpenAI, SoftBank, and Oracle to establish Stargate, a venture designed to build advanced artificial intelligence infrastructure across the United States.

With an initial $100 billion investment and plans to scale up to $500 billion, this massive project aims to bolster America’s position as a global leader in AI while creating 100,000 new jobs.

Stargate will focus on constructing state-of-the-art data centers and other infrastructure critical for AI development. Larry Ellison of Oracle revealed that construction of the first major data facility, spanning 1 million square feet, is already underway in Texas. OpenAI’s CEO, Sam Altman, emphasized that this project is essential for maintaining U.S. dominance in AI, a field requiring vast resources such as advanced computing power and specialized infrastructure.

The initiative also aligns with broader strategic goals to counter global competitors like China. OpenAI recently outlined the importance of securing international AI investments, warning that failing to do so could shift influence to Chinese-backed projects. Stargate aims to attract some of the $175 billion in global funds earmarked for AI, ensuring the U.S. remains at the forefront of technological innovation.

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SoftBank will manage the financial aspects of Stargate, with its CEO Masayoshi Son acting as chairman. OpenAI will oversee operational responsibilities, and another partner, MGX, will contribute funding. The collaboration reflects a shared vision of reindustrializing the U.S. and strengthening its economic and national security capabilities.

In tandem with this announcement, Trump reversed a previous executive order from the Biden administration that focused on regulating AI risks, signaling a pivot towards encouraging innovation and investment in this transformative technology.

Kosta Gushterov

Kosta has been working in the crypto industry for over 4 years. He strives to present different perspectives on a given topic and enjoys the sector for its transparency and dynamism. In his work, he focuses on balanced coverage of events and developments in the crypto space, providing information to his readers from a neutral perspective.