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

Trump's Plan: Stargate and $500 Billion for AI Infrastructure

user avatar

by Giorgi Kostiuk

9 months ago


US President Donald Trump has announced a new initiative called Stargate, investing $500 billion in artificial intelligence infrastructure to build data centers across the country. The project is backed by several major companies and promises to create tens of thousands of jobs.

Goals and Participants of Stargate Project

Stargate is envisioned as a private initiative involving companies like OpenAI, SoftBank, and Oracle. President Trump stated that the project will help create over 100,000 new jobs in America. SoftBank CEO Masayoshi Son mentioned that $100 billion would be deployed immediately. AI investment firm MGX is also involved, with key technology partners including Microsoft, Nvidia, and Arm.

What we want to do is we want to keep [AI innovation] in this country.Donald Trump

Technology Partners and Implementation Plans

OpenAI confirmed that Stargate data centers are being built at Oracle’s Abilene, Texas, facility and is evaluating other potential sites for expansion. Oracle’s Ellison noted that the project would significantly improve the maintenance and analysis of electronic health records, allowing for far better healthcare plans.

Project's Significance for the US and the World

The Stargate announcement reinforces OpenAI’s existing partnership with Microsoft, leveraging Microsoft’s Azure for cloud computing services. OpenAI stated that the project will support the re-industrialization of the United States while providing a strategic capability to protect the national security of America and its allies.

The Stargate project marks a significant step in advancing AI infrastructure in the US, with potential for substantial economic and technological impact both domestically and globally. This initiative aims to foster AI development, providing new opportunities for its application.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

Other news

Yonsei University Alumni Association Introduces Crypto Payment System

chest

Yonsei University Alumni Association has launched a system for members to pay fees using cryptocurrency, including Bitcoin, USDT, and USDC, to facilitate international transfers for overseas alumni.

user avatarRajesh Kumar

BullZilla BZIL Emerges as the Next Big 1000x Crypto Presale

chest

BullZilla BZIL is quickly gaining traction in the crypto market due to its unique presale structure and potential for explosive growth.

user avatarLucas Weissmann

Crypto Executives Attend White House Fundraising Dinner for $250 Million Ballroom Project

chest

Senior executives from major crypto firms attended a fundraising dinner hosted by President Trump at the White House to support a $250 million ballroom expansion project.

user avatarEmily Carter

Bitcoin Faces Challenges Amid Market Volatility

chest

DaanCrypto warns of potential disruptions in Bitcoin's long-term chart pattern due to market volatility.

user avatarTomas Novak

BNB Coin Faces Potential Decline Amid Market Sentiment Shifts

chest

Lark Davis warns of a potential sharp decline in Binance Coin (BNB) if it loses its support level.

user avatarKaterina Papadopoulou

GIGGLE Token Launches on Major Exchanges Amid Price Fluctuations

chest

The Giggle Fund's GIGGLE token has been officially listed for spot trading on major exchanges including Gate, KuCoin, and HTX, experiencing a price drop since its debut.

user avatarLeo van der Veen

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.