Donald Trump Announces $500bn ‘Stargate’ AI Plan, Challenges China | Vantage with Palki Sharma | N18G
On his second day in office, US President Donald Trump unveiled "The Stargate Project," a historic $500 billion artificial intelligence (AI) infrastructure initiative. Announced at the White House, this project marks the largest AI investment in history and is led by OpenAI, Oracle, Japan's SoftBank, and the UAE's MGX. With $100 billion released immediately, the project promises to create 100,000 jobs across the US. The first AI-powered data centre is already under construction in Texas, with more planned nationwide. The initiative underscores the US's global AI dominance while addressing concerns about energy and water use. Trump declared, "This will be the most important project of this era," with OpenAI CEO Sam Altman and Oracle’s Larry Ellison supporting the statement. Palki Sharma tells you more on Vantage.
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