• 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

BNB Price Faces Significant Decline Amid Crypto Market Selloff

chest

BNB price has dropped over 9% amid significant liquidation in the crypto market, falling below the 800 support level but currently recovering. Analysts warn of a potential decline to 600 if bearish trends continue.

user avatarJacob Williams

NFT Market Faces Severe Decline

chest

The NFT market has reached its lowest levels since April, with a total market cap of $27.8 billion, reflecting a 43% decline over the last month.

user avatarZainab Kamara

21-Day Negative Coinbase Premium Indicates Bearish Shift

chest

21-Day Negative Coinbase Premium Indicates Bearish Shift

user avatarSon Min-ho

Thomas Lee Young Revolutionizes Industrial Safety with AI

chest

24-year-old CEO Thomas Lee Young is transforming industrial safety through AI, leveraging his unique background from Trinidad's oil rigs.

user avatarAyman Ben Youssef

Surge in Trading Volume for Top Cryptocurrencies

chest

Surge in trading volume for top cryptocurrencies driven by onchain activities and increased interest in staking.

user avatarTando Nkube

Federal Reserve's Rate Policy Affected by AI Concentration

chest

The concentration of growth in a few tech companies has influenced the Federal Reserve's decision-making regarding interest rates.

user avatarNguyen Van Long

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.