• 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

BNB Chain Reports Strong On-Chain Growth Amid Price Consolidation

chest

BNB Chain has shown significant growth in transactions and real-world asset adoption despite price pressure, reporting a 30% increase in daily transactions and a 228% surge in real-world asset value.

user avatarTomas Novak

Hong Kong to Issue Crypto Licenses in March 2026 Amid China’s Ban

chest

Hong Kong is set to issue crypto licenses in March 2026, despite ongoing cryptocurrency restrictions in mainland China.

user avatarMaya Lundqvist

BRICS Dedollarization Concerns Impact Hong Kong's Crypto Licensing

chest

Concerns about BRICS dedollarization are complicating crypto licensing in Hong Kong, as stablecoins challenge China's monetary control.

user avatarKaterina Papadopoulou

HBAR Faces Technical Challenges Amidst Subdued Market Momentum

chest

Hedera HBAR is trading around the 0.09 mark, testing a key support level while facing bearish trends.

user avatarLeo van der Veen

XRP Ledger Expands Escrow Functionality with Token Escrow XLS85 Activation

chest

On February 12, 2026, the XRP Ledger activated Token Escrow XLS85 on its mainnet, enhancing escrow capabilities to include Trustline-based tokens and MultiPurpose Tokens.

user avatarLi Weicheng

XRP Approaches Critical Moment Amid Regulatory Uncertainty

chest

Finance expert Coach JV discusses the potential impact of regulatory developments on XRP's future, highlighting regulatory delays and policy uncertainty as key factors influencing the token's next moves.

user avatarAisha Farooq

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.