Breaking News
July 6, 2025 - Jhon Duran Joins Fenerbahce on Loan Following Al Nassr Transfer July 6, 2025 - Transfer Rumors: Gyökeres Threatens Sporting Exit for Arsenal Move July 6, 2025 - Arsenal Signs Martín Zubimendi from Real Sociedad for €60 Million July 6, 2025 - West Ham Reject £50m Tottenham Bid for Mohammed Kudus July 6, 2025 - France Defeats England in Euro 2025 Opener, Putting Defending Champs in Peril July 5, 2025 - PSG Overcome Adversity to Beat Bayern Munich at Club World Cup July 5, 2025 - Barcelona Informed of Price to Sign Rafael Leão from AC Milan July 5, 2025 - Euro 2025: Wales Fans Debut with Loss to Netherlands in Lucerne July 5, 2025 - France vs. England Uefa Women's Euro Championship: Live Updates and Highlights on ESPN July 5, 2025 - The Art of Team Talks: Insights from Thiago Silva and Mikel Arteta
  • HotRecentNews.com
  • World
  • Politics
  • Sports
  • Entertainment
  • Science
  • Technology
  • Health
HotRecentNews.com
Menu
  • World

  • Politics

  • Sports

  • Entertainment

  • Science

  • Technology

  • Health

Home / World / Trump Announces $500 Billion Investment in US AI Infrastructure

Trump Announces $500 Billion Investment in US AI Infrastructure

Trump Announces $500 Billion Investment in US AI Infrastructure
No Comments 22
Facebook X
World January 22, 2025 01:30

united states - President Trump reveals plans for a $500 billion private sector investment in artificial intelligence infrastructure. OpenAI, Oracle, and SoftBank to establish a joint venture named Stargate.

US AI Infrastructure Investment

President Trump announced a groundbreaking $500 billion investment in the US artificial intelligence (AI) infrastructure. The collaboration between OpenAI, Oracle, and SoftBank will result in the establishment of a joint venture named Stargate. The President, accompanied by OpenAI's CEO Sam Altman, SoftBank's CEO Masayoshi Son, and Oracle's Chairman Larry Ellison, held a press conference to discuss the initiative.

President Trump emphasized that the investment, labeled as the largest AI infrastructure project in history, is expected to create over 100,000 jobs for Americans. He highlighted the importance of emergency decisions in facilitating the investment process, stating, 'We will make it easy for them to generate a lot of electricity and do this production very easily in their facilities.'

Stressing the significance of the project, Trump explained, 'Stargate will build physical and virtual infrastructure to support new advancements in the field of AI, including the construction of massive data centers.' Oracle's Chairman Ellison added that the group's first data center in Texas is already under construction.

Considering Imposing 10% Tariff on China

In response to questions from reporters, Trump reiterated the administration's contemplation of imposing a 10% tariff on China for the fentanyl they export, in addition to the fentanyl coming from Mexico and Canada. The President expressed his dissatisfaction with the flow of drugs into the US and highlighted the significant role of tariffs in addressing this issue.

Elon Musk's Interest in Acquiring TikTok

When asked about Elon Musk's interest in acquiring TikTok, Trump indicated that Musk and Oracle's Chairman Ellison are open to the idea. Trump also mentioned his personal sentiment towards TikTok, stating, 'We won the votes of the youngsters. I think I won because of TikTok, so TikTok has a special place in my heart.'

NEW TikTok Removes #SkinnyTok Worldwide After Pressure from Brussels and Paris

Leave a comment Cancel

reload

Trending Now

  • Today
  • Yesterday
  • Month
  • Comments
  • 1

    Euro 2025: Switzerland Keeps Knockout Hopes Alive with Win Over Iceland

    July 7, 2025
  • 1

    Mbappé Secures Real Madrid Quarterfinal Victory Over Dortmund in FIFA Club World Cup

    July 6, 2025
  • 2

    Real Madrid's Gonzalo García Shines at Club World Cup

    July 6, 2025
  • 3

    Brazilian Striker Igor Jesus Joins Nottingham Forest from Botafogo

    July 6, 2025
  • 4

    Brighton Signs Belgium Defender Maxim De Cuyper from Club Brugge

    July 6, 2025
  • 5

    Belgium's Record Scorer Wullaert Ready to Lead Against Spain at Euro 2025

    July 6, 2025
  • 1

    Liverpool Nearing Deal for Florian Wirtz as Transfer Rumors Heat Up

    June 7, 2025
  • 2

    María Sánchez Completes Move to Liga MX Femenil's Tigres

    June 21, 2025
  • 3

    André Onana Prefers to Stay at Manchester United Amid Monaco Interest

    June 21, 2025
  • 4

    Concacaf Gold Cup: USMNT vs. Haiti Live Updates at AT&T Stadium

    June 23, 2025
  • 5

    Arsenal Balk at Sesko's Wage Demands, Transfer Rumors Swirl

    June 23, 2025
Hot Recent News
The HOTRECENTNEWS.com is not responsible for the content of external sites.

SEARCH

  • World News

Back to Top