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.”
“What we want to do is we want to keep it in this country,” the president said of leading AI talent and development. “China is a competitor, others are competitors. We want to be in this…
