Trump announces $500 billion investment for A.I. infrastructure project
Experts say A.I. is only going to expand and the project could help the U.S. become a world leader in A.I.
SAN JOSE, Calif. – President Trump on Tuesday announced a $500 billion investment to fund artificial intelligence infrastructure. The announcement came on the same day the president rolled back A.I. guardrails put in place by former President Biden.
This investment was made by private tech companies. Experts say A.I. is only going to expand and this could help the U.S. become a world leader in A.I.
“China is a competitor, others are competitors. We want it to be in this country, and we’re making it available,” said President Donald Trump.
As he stood at the podium surrounded by tech executives, President Trump announced a $500 billion private-sector investment into building America’s infrastructure for artificial intelligence.
“I think it’ll be an exciting project. I think we’ll be able to do all the wonderful things that these guys talked about. But the fact that we get to do this in the United States, I think is wonderful,” said Sam Altman, OpenA.I. CEO.
Altman, SoftBank CEO Masayoshi Son and Oracle Chairman Larry Ellison all pledged $100 billion to start the Stargate infrastructure project and will contribute up to $500 billion collectively.
Stargate will help build more data centers, including the electricity and chips to operate them. The project is also expected to create more than 100,000 jobs and will open its first data center in Texas.
“The competition will be better because a lot of companies will have funding. They’re going to enter the market and there’ll be even more excitement about products and services. The dark side of this one is, because there are no guardrails for this, we might find some bad applications. Like hackers and other countries who are going to use this technology against us,” said Ahmed Banafa, tech expert and Engineering professor at San Jose State University.
Trump also announced Tuesday that he’s revoking an executive order signed by former President Biden that aimed to reduce the dangers of A.I. for consumers and national security. A local political analyst says Stargate also signifies a renewed relationship between big tech and the White House.
“It’s very much Trump being able to say, I’m making infrastructure happen. I’m moving the United States into the future, and the tech folks are getting the freedom and the investment to do what they want to grow A.I. So, it’s a win-win for both sides,” said Melissa Michelson, Menlo College Political Science professor.
As Americans use more power from A.I. data centers, the risk of being in short supply will increase over the next decade. The investors believe Stargate will also help provide power for the next generation.