Trump Announces $500 Billion Private Investment in AI Infrastructure
Key Points Trump announced a $500 billion private investment in AI infrastructure led by OpenAI, SoftBank, and Oracle. The "Stargate" project will include 20 data centers and create over 100,000 jobs. The first data center is under construction in Texas, focusing on AI-driven healthcare solutions. Trump's administration rolled back Biden’s AI regulations to encourage industry growth. U.S. President Donald Trump has announced a massive private sector investment of up to $500 billion to develop artificial intelligence (AI) infrastructure in the...