Fortune January 21, 2025
Amanda Gerut

President Trump on Tuesday announced an eye-popping investment in artificial intelligence infrastructure in the U.S., funded through a joint venture called the Stargate Project. According to Trump, the investment is likely to spur an increase of 100,000 jobs and will be accompanied by a spate of executive orders to ensure new data centers built in connection with the investment will have enough energy.

Trump was joined by Oracle founder Larry Ellison, OpenAI CEO Sam Altman, and SoftBank CEO Masayoshi Son, who said the investment would start with $100 billion, plus a goal of $500 billion over the course of four years. Son said Abu Dhabi-based investment partner MGX would be involved, along with tech juggernauts Nvidia and Microsoft....

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Topics: AI (Artificial Intelligence), Congress / White House, Govt Agencies, Investments, Technology, Trends
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