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Donald Trump Touts Tech Investment Of Up To $500 Billion In AI Infrastructure

Jan 22, 2025 - deadline.com
Donald Trump, alongside tech leaders from OpenAI, Oracle, and SoftBank, announced a private sector initiative named Stargate, aimed at developing AI infrastructure in the U.S. with a potential investment of up to $500 billion. The project, which Trump described as potentially monumental, involves Oracle's Larry Ellison, SoftBank's Masayoshi Son, and OpenAI's Sam Altman. Altman credited Trump for the initiative's feasibility. In a related move, Trump revoked an executive order by Joe Biden that required AI companies to share safety tests with the government before releasing AI systems, citing competition from China as a driving factor for urgency.

Ellison revealed that 10 data centers are already being built in Texas, with plans to expand to 20, highlighting AI's potential in health and medicine. Altman emphasized the project's significance, projecting it as a cornerstone for the U.S. tech industry and a creator of hundreds of thousands of jobs. Despite the optimism, concerns about AI-induced job displacement persist, as discussed in Senate forums with various stakeholders. However, no legislative measures have been enacted to address these concerns.

Key takeaways:

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  • Donald Trump announced a $500 billion private sector initiative called Stargate to build AI infrastructure in the U.S., involving OpenAI, Oracle, and SoftBank.
  • Trump revoked an executive order by Joe Biden that required AI safety tests to be shared with the U.S. government before public release.
  • Oracle's Larry Ellison revealed that 10 data centers are under construction in Texas, with plans to expand to 20 locations.
  • There are concerns about AI causing job displacement, but no legislation has been passed to address these issues.
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