AXIOS January 21, 2025
President Trump on Tuesday announced billions in private sector investments to grow artificial intelligence in the U.S. and build massive new data centers for OpenAI.
The big picture: OpenAI, SoftBank, Oracle and the UAE’s MGX will convene under a joint venture called Stargate, and will commit $100 billion to start with a potential of up to $500 billion over four years.
- The new company will create more then 100,000 American jobs, Trump said.
- Stargate will open a data center project in Texas and later expand to other states.
Driving the news: “This monumental undertaking is a resounding declaration of confidence in America’s potential under a new president,” Trump said Tuesday.
- SoftBank CEO Masayoshi Son, OpenAI CEO Sam...
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