Donald Trump has introduced the Stargate initiative—an ambitious $500 billion joint project involving OpenAI, Oracle, and SoftBank. This venture aims to construct vital data centers across the US, facilitating the growth of AI and potentially adding over 100,000 jobs swiftly. Announced with significant fanfare, the initiative is part of Trump's strategy to reinforce America's position in AI against global competition, specifically China. The president indicated he would expedite project developments by removing barriers, which follows his reversal of previous AI regulations set by the Biden administration, indicating a new approach to AI governance and investment.
The new partnership, dubbed Stargate, aims to construct essential data centers and computing infrastructure needed to power artificial intelligence development and... create over 100,000 American jobs.
We want it to be in this country, Trump said during the White House announcement, flanked by Oracle's Larry Ellison, SoftBank's Masayoshi Son and OpenAI's Sam Altman.
The initiative comes just one day after Trump reversed predecessor Joe Biden's more than 100-page executive order on AI safety standards and content watermarking.
This monumental undertaking is a resounding declaration of confidence in America's potential under a new president, he said.
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