January 22, 2025 10:46 AM

Trump announces private-sector $500 billion investment in AI infrastructure

U.S. President Donald Trump on Tuesday announced a private sector investment of up to $500 billion to fund infrastructure for artificial intelligence, aiming to outpace rival nations in the business-critical technology. Trump said that ChatGPT's creator OpenAI, SoftBank and Oracle are planning a joint venture called Stargate, which he said will build data centers and create more than 100,000 jobs in the United States. These companies, along with other equity backers of Stargate, have committed...