Donald Trump Unveils $500 Billion Stargate Project For AI Infrastructure, Boosting AI Cryptos
President Donald Trump unveiled the $500 billion Stargate Project for AI infrastructure in the US, sending AI cryptos surging. The project aims to invest $100 billion immediately and up to $500 billion over four years, and has as its e quity investors SoftBank, OpenAI, Oracle, and MGX, according to an official statement. SoftBank and OpenAI lead the partnership, while SoftBank handles financial responsibilities and OpenAI oversees operations, it said. “China is a competitor, others are competitors, ” Trump said. “We want it to be in this country, and we’re making it available.” “This project will not only support the re-industrialization of the United States but also provide a strategic capability to protect the national security of America and its allies,” OpenAI said in a statement . “The fact that we get to do this in the United States, I think is wonderful,” said OpenAI CEO Sam Altman. Announcing The Stargate Project...