Fortune January 22, 2025
Beatrice Nolan

  • Donald Trump has announced a $500 billion “Stargate Project.” Backed by major tech companies, it aims to boost AI infrastructure in the U.S.

Donald Trump has announced a new $500 billion “Stargate” AI infrastructure project.

During his first full day in office, the president made the announcement alongside OpenAI CEO Sam Altman, SoftBank CEO Masayoshi Son, and Oracle founder Larry Ellison. The three companies, along with Abu Dhabi-based investment partner MGX, are the initial equity funders in Stargate. Arm, Microsoft, Nvidia, Oracle, and OpenAI are set to be the project’s key initial technology partners.

Oracle said in a statement the project aims to support the “re-industrialization of the United States,” providing 100,000 jobs and boosting capabilities to...

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