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#Melania Trump #MELANIA #TOKEN #TRUMP #MAGA
Trump announces $500B AI infrastructure venture 'Stargate'
US President Donald Trump has announced a $500 billion private-led artificial intelligence infrastructure investment called "Stargate," which aims to build Al data centers across the country.
Trump said in a Jan. 21 press conference that the Stargate project's initial equity funders are ChatGPT creator OpenAl, SoftBank and Oracle, and touted that the project would create "over 100,000 American jobs."
SoftBank CEO Masayoshi Son explained that $100 billion would be deployed immediately. Al investment firm MGX is also involved, while Microsoft, Nvidia and Arm were also listed as key initial technology partners, according to a statement by OpenAl, which noted that the remaining $400 billion would be distributed over the next four years. "What we want to do is we want to keep [Al innovation] in this country," Trump said, flanked by OpenAl boss Sam Altman, Oracle technology chief Larry Ellison and SoftBank's Son.