• 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

a year 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

Changpeng Zhao Acknowledges Retail Trader Strategies in Viral Tweet

chest

Changpeng Zhao acknowledges the limitations of the buy-and-hold strategy for cryptocurrencies, aligning with retail trader strategies.

user avatarJacob Williams

Port3 Network Announces Token Migration Following Security Breach

chest

Port3 Network is implementing a token migration plan after a security breach in November 2025 that allowed unauthorized token minting.

user avatarAyman Ben Youssef

Delaware Court Allows Insider Trading Lawsuit Against Coinbase Directors to Proceed

chest

A Delaware judge has allowed a lawsuit against Coinbase directors for insider trading to proceed, despite an internal investigation clearing them. The lawsuit claims CEO Brian Armstrong and board member Marc Andreessen used confidential information to avoid over $1 billion in losses during Coinbase's 2021 direct listing.

user avatarTando Nkube

Ethereum Developers Reactivate DAO Funds as Security Reserve

chest

Ethereum developers have reactivated over 100 million worth of unclaimed tokens from The DAO hack of 2016, converting them into a security reserve.

user avatarNguyen Van Long

Aster Price Below Key Moving Average

chest

Aster price remains below the 50-day simple moving average, indicating a lack of control from buyers.

user avatarKofi Adjeman

Concerns Rise Over Economic Impact of Immigration Policy Changes

chest

Concerns rise over the economic impact of immigration policy changes.

user avatarJesper Sørensen

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.