• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Donald Trump's $500B AI Investment: What to Expect

user avatar

by Giorgi Kostiuk

2 months ago


President Donald Trump has announced the launch of the Stargate project, aimed at creating advanced infrastructure for the development of artificial intelligence technologies in the U.S. The project includes a $500 billion investment in collaboration with OpenAI, Oracle, and SoftBank.

Stargate’s Mission: Building AI Infrastructure

The Stargate project is focused on creating both physical and digital infrastructure to support AI development. This encompasses building data centers, increasing semiconductor capacity, and improving access to energy and water resources. The initial phase of the project will cost the government $100 billion, with plans to raise total funding to $500 billion by 2025. A 1-million-square-foot data center is currently under construction in Texas.

AI Leaders Emphasize Strategic Importance

OpenAI CEO Sam Altman highlighted the project's importance, citing the need for top-tier AI infrastructure to lead in technology and capabilities. SoftBank will manage financial aspects, while OpenAI oversees operations. The UAE-based MGX company will also financially support the project. The initiative aims to strengthen the U.S.'s position in the global AI ecosystem and ensure national security in this area.

Economic and Job Creation Potential

The Stargate project is expected to create over 100,000 jobs across various industries, including data center operations and semiconductor manufacturing. In addition to job creation, the project aims to revitalize American manufacturing and strengthen the U.S.'s edge in AI development. The decision follows Trump's reversal of Biden's executive order related to AI risk management, emphasizing the current administration's focus on advancing AI technologies.

The Stargate project represents a significant step in the U.S.'s efforts to bolster its standing in artificial intelligence and implement large-scale infrastructure changes. The anticipated economic benefits and job creation underscore the project's strategic importance.

0

Share

Other news

GameStop: New Bonds and a Bet on Bitcoin

GameStop has raised $1.5 billion, part of which will be used to invest in Bitcoin under its new investment policy.

user avatarGiorgi Kostiuk

a few seconds ago

Cryptocurrency Market May Hit a Local Bottom by June

Crypto market forecast: 70% probability of finding a bottom by June amid Trump's trade talks.

user avatarGiorgi Kostiuk

a few seconds ago

Cryptocurrency Market: Bitcoin Leads as EOS, Cronos, Zcash Surge

Bitcoin surpasses $85,000; EOS, Cronos, and Zcash gain traction with favorable technical indicators.

user avatarGiorgi Kostiuk

a minute ago

BlackRock Announces Launch of First Bitcoin ETF in Europe

BlackRock has launched iShares Bitcoin ETP on exchanges in Paris, Amsterdam, and Frankfurt, expanding its presence in the European crypto market.

user avatarGiorgi Kostiuk

a minute ago

Why W-Coin's Listing on Bitget is Already a Hot Topic Among Experts

W-Coin to be officially listed on Bitget on April 29th, with expected price range of $0.05 to $0.10.

user avatarGiorgi Kostiuk

8 minutes ago

Jetking Raises Funds for Bitcoin Purchase

Jetking becomes one of the first Indian public firms investing in cryptocurrency.

user avatarGiorgi Kostiuk

8 minutes ago

dapp expert logo
© 2020-2025. DappExpert. All rights reserved.
© 2020-2025. DappExpert. All rights reserved.

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.