Trump announces $500 billion "Stargate" initiative that aims to build largest-ever AI infrastructure project

What just happened? Donald Trump has announced that tech titans OpenAI, Oracle, and SoftBank are joining forces on a colossal $500 billion initiative dubbed "Project Stargate." According to the US president, the goal is to secure AI compute in the country and gain an edge against China, which has been rapidly advancing its own AI ambitions.

At a White House press conference, Trump was flanked by the companies' top brass as he hyped up Stargate by proclaiming that it will cement the future of technology in the US while creating over 100,000 new jobs.

The project's plan is for OpenAI, Oracle, and Japanese conglomerate SoftBank to plow an initial $100 billion into data center infrastructure across the country. This will balloon to a mind-boggling total investment of half a trillion dollars over the next four years. Big names like Arm, Microsoft, and Nvidia are also listed as technology ...