• 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

CryptoQuant Report Indicates XRP Trading Volume Stabilization

chest

A recent CryptoQuant report analyzes XRP trading volume, indicating a balance between buyers and sellers.

user avatarRajesh Kumar

Analysts Highlight Key Indicators for Bitcoin's Market Bottom

chest

Analysts highlight significant price-based benchmarks indicating Bitcoin is in a long-term accumulation phase, with key indicators suggesting a favorable position for long-term investors.

user avatarMiguel Rodriguez

Political Dynamics Threaten Progress of Clarity Act

chest

Scott Bessent warns that the upcoming midterm elections could jeopardize the progress of the Clarity Act, especially if Democrats gain a majority in the House.

user avatarLuis Flores

US Treasury Secretary Advocates for Clarity Act Amid Crypto Market Volatility

chest

US Treasury Secretary Scott Bessent emphasizes the need for the Clarity Act to stabilize the volatile crypto market.

user avatarArif Mukhtar

Bitcoin Market Faces Bearish Phase Amid Price Drop

chest

Speculations arise that the cryptocurrency market has entered a bearish phase following a significant drop in Bitcoin's price.

user avatarMaria Gutierrez

Mixin Network Announces Compensation Plan for Hack Victims

chest

Mixin Network has initiated a debt registration and repayment process for users affected by the September 2023 hack, offering compensation in stablecoins and tokenized claims.

user avatarDavid Robinson

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.