At a press conference capping his first full day back in the White House, Donald Trump stood beside three of the most influential executives in the world—Sam Altman of OpenAI, Larry Ellison of Oracle,
President Donald Trump talked up a joint venture investing up to $500 billion for infrastructure tied to AI by a new partnership formed by OpenAI, Oracle and SoftBank.
OpenAI CEO Sam Altman called Stargate, “the most important project for this era” and promised that all of the new investment his company was making would help cure diseases. Altman was actually prompted by Trump to talk about the medical advances that AI would supposedly figure out.
The $500 billion Stargate artificial intelligence project was officially announced by President Donald Trump at a press conference yesterday. Standing
The initiative announced by President Donald Trump will aim to "secure American leadership in AI" while also creating jobs and economic benefit.
Last month, Trump announced with SoftBank's Son in Mar-a-Lago that SoftBank would invest $100 billion in US projects over the next four years, creating 100,000 jobs. Those investments will focus on infrastructure that supports AI, including data centers, energy generation, and chips, according to a source.
Masayoshi Son of SoftBank, Sam Altman of OpenAI and Larry Ellison of Oracle joined Trump for the $500 billion announcement.
President Donald Trump spoke with OpenAI CEO Sam Altman by phone on Friday, ahead of the AI infrastructure announcement, CNBC has learned.
President Donald Trump announced a $500billion investment for private companies to develop artificial intelligence tools to support medical advancements, including a cancer vaccine.
Elon Musk and Sam Altman publicly dispute the feasibility of 'Stargate,' a $500 billion AI infrastructure project in the US. Musk claims the necessary capital isn't available, while Altman defends the project's viability.
The $500 billion Stargate project will be critical to "maintain American leadership in AI," one of the partners said in a statement.