Trump Announces $500 Billion ‘Stargate’ Project To Make U.S. Lead The World In AI Development

President Donald Trump announced on Tuesday $500 billion of dollars in private sector investment to build artificial intelligence infrastructure in the United States so the country can dominate the future of the emerging technology.

Trump made the announcement at the White House alongside Softbank CEO Masayoshi Son, Open AI CEO Sam Altman, and Oracle Executive Chairman Larry Ellison.

“These world-leading technology giants are announcing the formation of Stargate,” Trump said. “So put that name down in your books, because I think you’re going to hear a lot about it in the future — a new American company that will invest $500 billion at least in AI infrastructure in the United States.”