President Trump announced the Stargate Project, inviting major tech companies like SoftBank, OpenAI, and Oracle to invest at least $500 billion in artificial intelligence and data centers across the U.S. over the next four years. The initiative aims to enhance the U.S. technology sector and counter China's advancements. Significant investments totaling around $100 billion are planned immediately, with construction already underway in Texas. The administration supports this through emergency declarations, emphasizing the need for increased electricity production to support the AI infrastructure.
"We have to get this stuff built. They have to produce a lot of electricity, and we'll make it possible for them to get that production done very easily."
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