Trump’s $500 Billion Stargate AI Plan Backed by Billionaires, Questioned by Musk
On Tuesday, President Donald Trump held his first press conference of his new term to announce the launch of Stargate, a $500 billion artificial intelligence (AI) venture spearheaded by tech giants OpenAI, Softbank, and Oracle. Stargate aims to revolutionize AI infrastructure by building state-of-the-art data centers and creating over 100,000 American jobs. The project also promises advancements in healthcare and economic reindustrialization. While the initial investment is set at $100 billion, partners like Microsoft, NVIDIA, and Arm are backing the initiative, projecting significant long-term impact on AI capabilities and national security.
Key leaders in the initiative, including Softbank’s Masayoshi Son, Oracle’s Larry Ellison, and OpenAI’s Sam Altman, highlighted the transformative potential of Stargate during the White House briefing. Altman emphasized how AI could lead to unprecedented breakthroughs in curing diseases, while Ellison noted the role of AI in revolutionizing healthcare management. However, the project has drawn skepticism, particularly from Elon Musk, who questioned the funding’s credibility. Despite Musk’s criticisms, Trump assured the nation of the project’s ability to secure AI leadership and economic growth for the U.S.
The Stargate initiative underscores Trump’s policy shift toward aggressive AI development, contrasting his predecessor’s cautious approach. The administration is keen on fostering U.S. dominance in AI while collaborating with allied nations. While the project has been met with enthusiasm on Wall Street, some remain skeptical about whether the $500 billion investment goal will be met. Nonetheless, Stargate marks a bold move to position the U.S. as a leader in AI innovation and economic modernization.
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