• 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

IPO Genie Gains Visibility Through Sponsorship and Community Engagement

chest

IPO Genie enhances its visibility and community engagement through strategic sponsorships and campaigns.

user avatarEmily Carter

IPO Genie Leverages AI for Deal Discovery and Market Access

chest

IPO Genie utilizes AI technology to enhance deal discovery and provide access to private markets, setting it apart from competitors.

user avatarMaya Lundqvist

IPO Genie Attracts Early Investors with Promising Presale Narrative

chest

IPO Genie is gaining traction among early investors as it enters a presale phase that shows potential for significant growth.

user avatarTomas Novak

Political Scrutiny Intensifies on Trump Memecoin's Financial Operations

chest

Political scrutiny intensifies on Trump's memecoin financial operations due to large liquidity withdrawals and stablecoin transfers, prompting lawmakers to request details from the US Treasury.

user avatarLeo van der Veen

Significant USDC Transfers from Trump Memecoin Wallets Raise Concerns

chest

Onchain analysts have flagged large transfers of USDC from wallets associated with the Official Trump memecoin on Solana, totaling approximately 94 million over the past month.

user avatarKaterina Papadopoulou

Russia Proposes Fines for Illegal Crypto Mining

chest

The Russian Ministry of Justice proposes fines for illegal cryptocurrency mining, signaling increased governmental regulation.

user avatarLi Weicheng

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.