President Donald Trump and the leaders of OpenAI, SoftBank and Oracle yesterday announced an enormous new AI initiative called Stargate, involving a planned $500 billion build-out of AI data centers in the U.S.
It’s a huge move that comes with an up-front investment of $100 billion by OpenAI, SoftBank, Oracle, and the Emirati AI investor MGX. If it comes to fruition, it has the potential to keep the U.S. at the forefront of the AI scene. (It also has the potential, according to Trump, to create 100,000 new jobs—though many if not most will likely be temporary ones, associated with the construction of the data centers.)
