• 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

Surge in Whale Activity on Binance Amid Market Correction

chest

Surge in whale activity on Binance as large Bitcoin holders increase their movements, indicating potential market actions amid uncertainties.

user avatarLuis Flores

Ethereum Struggles to Maintain Above $2,000 Amid Market Uncertainty

chest

Ethereum is attempting to push back above the $2,000 level amid ongoing selling pressure and market uncertainty.

user avatarMiguel Rodriguez

ETH Denver Opens with Positive Vibes Despite Crypto Market Downturn

chest

The opening day of ETH Denver at the National Western Center saw a positive atmosphere among attendees, despite a downturn in cryptocurrency prices.

user avatarArif Mukhtar

Dogecoin Transitions from Bearish to Bullish Channel

chest

Dogecoin's price has shifted from a descending channel to an ascending channel, indicating a potential bullish trend.

user avatarMaria Gutierrez

Dogecoin Approaches Critical Price Level for Potential Trend Reversal

chest

Dogecoin's price is nearing a key horizontal zone that could indicate a significant trend reversal, according to crypto analyst NaBer.

user avatarDavid Robinson

Coinbase's Cryptobacked Loans Offer Liquidity Without Selling

chest

Coinbase's cryptobacked loans allow investors to access liquidity from appreciated assets without triggering immediate capital gains taxes.

user avatarJacob Williams

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.