• 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

2 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

Share

Other news

Analyzing North Korea's $1.5 Billion Crypto Heist

North Korea stole $1.5B from Bybit in 2025 using sophisticated hacking strategies.

user avatarGiorgi Kostiuk

7 minutes ago

Trump's Policies and Their Impact on Cryptocurrencies: Market Trends

Cryptocurrencies face new challenges due to Trump's policies affecting the global market.

user avatarGiorgi Kostiuk

7 minutes ago

Sony Singapore Integrates Cryptocurrency Payments for Users

Sony Singapore to accept USDC with Crypto.com, plans to expand cryptocurrency payment options.

user avatarGiorgi Kostiuk

7 minutes ago

PumpFi: Ape Now, Pay Later Solution for All Solana Assets

PumpFi allows Solana users to buy now and pay later for digital assets with no credit checks.

user avatarGiorgi Kostiuk

8 minutes ago

Revolut Warns of WhatsApp Scams Averaging £2,437 in Loss

Revolut's report reveals average WhatsApp scam losses in the UK at £2,437. Cybercrime is on the rise.

user avatarGiorgi Kostiuk

8 minutes ago

Bitcoin's Dominance Grows as Price Stabilizes at $84K

Bitcoin's price fluctuated but stabilized at $84K, dominance in the crypto market increased.

user avatarGiorgi Kostiuk

16 minutes ago

dapp expert logo
© 2020-2025. DappExpert. All rights reserved.
© 2020-2025. DappExpert. All rights reserved.

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.