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Stargate: Tech giants announce AI plan worth up to $500bn

January 22, 2025
in Business
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Stargate: Tech giants announce AI plan worth up to 0bn
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The US is already the world leader in AI investment, vastly outspending, external any other country.

However Trump insisted he needed to intervene to help the industry.

“I’m going to help a lot through emergency declarations because we have an emergency,” said Donald Trump, stressing the importance of keeping AI in the US.

Trump said his government would “make it possible for them to get that production done very easily.”

“I think this will be the most important project of this era,” said OpenAI’s chief executive, Sam Altman, who stood alongside Trump as he made the announcement.

“We wouldn’t be able to do this without you, Mr President,” he added, crediting Trump despite work on the project already being under way.

Oracle’s chief technology office, Larry Ellison, said the first data centre was under construction in Texas and more would be built in other locations in the US.

The Information, a technology news website, first reported on the project, external in March last year.

OpenAI said the announcement was the culmination of more than a year’s worth of conversations.

Other technology partners include British chipmaker Arm, US chipmaker Nvidia and Microsoft, which already has a partnership with OpenAI.

Credit: Source link

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