President Trump, alongside tech leaders including Masayoshi Son, Sam Altman, and Larry Ellison, launched a groundbreaking initiative called 'Stargate' aimed at investing $500 billion in AI infrastructure in the U.S. The project focuses on the creation of extensive data centers to enhance AI capabilities. Elon Musk, despite not being part of the announcement, criticized the project's funding, claiming SoftBank had insufficient financial backing. In a back-and-forth with Altman, Musk's skepticism about the project was met with assurances from Altman regarding its benefits to the country.
Stargate will be building the physical and virtual infrastructure to power the next generation of advancements in AI. And this will include the construction of colossal data centers.
I realize what is great for the country isn't always what's optimal for your companies, but in your new role, I hope you'll mostly put [America] first.
I think it's going to be something that's very special. It'll lead to something that could be the biggest of all.
They don't actually have the money, on good authority... SoftBank has well under $10B secured.
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