Trump Announces $500B AI Infrastructure Investment
2025-01-21
Shortly after his inauguration, the Trump administration announced a massive $500 billion investment in AI infrastructure, spearheaded by a new entity called 'Stargate,' a joint venture between OpenAI, Oracle, and SoftBank. The initial $100 billion investment will focus on building data centers and power generation in Texas to fuel further AI development. This is touted as a declaration of confidence in America's potential and is also linked to advancements in digital health records and disease treatment. While the project's initial planning occurred under the Biden administration, Trump is highlighting it as a key economic achievement of his new term.
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