• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

$500 Billion Initiative: AI Development and New Jobs in the U.S.

user avatar

by Giorgi Kostiuk

10 months ago


U.S. President Donald Trump announced a major initiative, 'Stargate,' aiming to develop AI infrastructure with a creation of 100,000 new jobs and $500 billion investment.

Announcement and Goals of the Stargate Project

Trump unveiled the 'Stargate' project aiming to strengthen U.S. AI leadership and prevent technology from moving to rival countries like China. Emergency measures were taken to expedite the project.

OpenAI, SoftBank, and Oracle lead the investment group which will put $100 billion into the project right away.Donald Trump

Participants and Investments

OpenAI confirmed that the first data centers are being constructed at Oracle’s Abilene, Texas facility. The project also involves Microsoft, Nvidia, and Arm with a total of $400 billion slated for the next four years.

Technological Capabilities and Impact

According to Larry Ellison from Oracle, Stargate technology can enhance healthcare planning and improve national security. The project supports U.S. manufacturing growth.

'Our project supports U.S. manufacturing growth while making America more secure through advanced artificial intelligence development.'Larry Ellison

'Stargate' will bolster U.S. technological leadership in AI infrastructure development and contribute to national security.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

Market Conditions and Developments Affecting XRP's Outlook

chest

Ongoing developments, including a decline in XRP supply on exchanges and evolving regulatory conditions, may impact the accuracy of Google Gemini's projection.

user avatarFilippo Romano

Canary Capital CEO Critiques Zcash and Promotes Litecoin

chest

Steven McClurg, CEO of Canary Capital, critiques Zcash's price surge as a 'pump and dump' and promotes Litecoin for its compliance features.

user avatarEmily Carter

Digital Asset Treasuries Lead Crypto Stock Recovery

chest

Digital asset treasuries, particularly Ether DATs, have shown significant recovery in the stock market following a leverage flush at the beginning of the month.

user avatarTomas Novak

Brett Emerges as a Contender in the Crypto Market

chest

Brett is gaining attention for its innovative staking mechanics and liquidity incentives.

user avatarKaterina Papadopoulou

SPX6900 Gains Traction Among Blockchain Enthusiasts

chest

SPX6900 is building a solid foundation in the crypto space, appealing to those who value technology and community support.

user avatarMaya Lundqvist

Apeing Emerges as Top Crypto to Watch

chest

Apeing has quickly gained attention as the leading cryptocurrency for early movers, offering unique opportunities for token acquisition.

user avatarLeo van der Veen

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.