Highlights

Trump Launches $500 Billion AI Initiative with Industry Titans

Trump Launches $500 Billion AI Initiative with Industry Titans Jan/22/2025

Trump has announced Project Stargate, a $500 billion joint venture with OpenAI, SoftBank, and Oracle, aimed at revolutionizing artificial intelligence and creating 100,000 jobs in the U.S. The initiative, praised by OpenAI CEO Sam Altman as “the most important project of this era,” begins with a $100 billion investment, scaling to $500 billion over four years. OpenAI, known for its ChatGPT system that catalyzed a global AI wave, joins forces with Oracle, a leader in business software, and SoftBank, the Japanese conglomerate behind tech investments like UK chipmaker Arm and Alibaba. With prominent leaders Masayoshi Son and Larry Ellison present at the White House unveiling, the collaboration underscores the U.S.’s ambition to lead AI innovation while fostering job creation and technological advancement.