President Donald Trump has launched Project Stargate, a $500 billion initiative in partnership with OpenAI, Oracle, and SoftBank, aimed at significantly advancing AI infrastructure in the United States. This initiative intends to create 100,000 jobs, showcase the US's commitment to becoming a leader in AI technology, and enhance national security amidst growing competition from China in the AI field. Trump's administration also repealed former President Biden's AI order, indicating a shift toward deregulation in AI policies, which may further stimulate rapid developments in American AI technologies.
Stargate adds fuel to the narrative that we are still early in the capex buildout required for AI and signals that the new administration is likely to be highly supportive of the investment and energy requirements of the AI platform shift.
Project Stargate plans to invest $500 billion over the next four years to build new AI projects in the US, including 20 new data centers, starting in Abilene, Texas.
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