• 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

a year 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.

chest

Other news

Federal Judge Rules Against Trump Administration's Freezing of EV Funds

chest

A federal judge ruled that the Trump administration unlawfully froze $5 billion for electric vehicle charging stations, allowing states to proceed with their EV projects.

user avatarMaya Lundqvist

Avalanche's Subnet Ecosystem Gains Attention

chest

Avalanche's subnet ecosystem is attracting interest as developers seek scalable environments for their projects.

user avatarLeo van der Veen

Litecoin Remains a Reliable Option in Crypto

chest

Litecoin continues to be a stable choice for investors, especially during periods of market volatility.

user avatarLi Weicheng

Analysts Highlight Key Resistance Levels for Ethereum

chest

Analysts emphasize the importance of the $3,300 and $3,600 resistance levels for Ethereum's price movement.

user avatarAisha Farooq

Bitcoin's Growth Rate Difference Indicates Bear Market

chest

Bitcoin's Growth Rate Difference has been negative since late October, indicating a bear or consolidation phase in the market.

user avatarTenzin Dorje

Strategy Inc Surpasses 700,000 BTC Milestone with Major Purchase

chest

Strategy Inc has significantly increased its Bitcoin holdings, surpassing the 700,000 BTC milestone with a recent purchase of 22,305 BTC for approximately $213 billion.

user avatarMiguel Rodriguez

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.