Trump plans to back billions of dollars in AI infrastructure
Jan 22, 2025 - avclub.com
The article discusses former President Trump's promises and actions regarding economic and technological policies. Despite his pledge to lower the costs of eggs and gas, Trump is considering imposing a 25% tariff on goods from Mexico and Canada, which could counteract those efforts. Meanwhile, he plans to invest heavily in AI infrastructure, a move that has raised concerns about its potential environmental impact. CBS News reports that Trump is set to announce a significant private sector investment in AI facilities in the U.S., with companies like OpenAI, Softbank, and Oracle launching a joint venture called Stargate. This initiative will begin with a data center in Texas and aims to expand further, with an initial commitment of $100 billion and a projected $500 billion investment over the coming years.
In his early days in office, Trump has also signed numerous executive orders on various contentious issues, including gender, the environment, immigration, and international agreements. Notably, he rescinded a Biden-era executive order that established safety measures for AI development. While these actions indicate a proactive approach to policy-making, the article suggests skepticism about the effectiveness of these measures, particularly regarding the promised reduction in egg prices.
Key takeaways:
```html
Trump is threatening to impose a 25% tariff on goods from Mexico and Canada, which may affect the costs of eggs and gas.
Trump plans to spend heavily on AI infrastructure, with a joint venture called Stargate involving OpenAI, Softbank, and Oracle.
The Stargate initiative will start with a data center in Texas and involves a significant investment of $100 billion initially, with $500 billion over the next few years.
Trump has signed numerous executive orders on various issues and rescinded an AI-related executive order from Biden.
