The post Trump Announces $500 Billion AI Infrastructure Investment by SoftBank, OpenAI, and Oracle in the U.S. appeared on BitcoinEthereumNews.com.

On January 21, U.S. President Trump made a significant announcement at the White House, revealing a groundbreaking investment initiative involving three major corporations: SoftBank Group from Japan, OpenAI, and Oracle from the United States. These companies have pledged a hefty total of $500 billion aimed at enhancing the nation’s artificial intelligence (AI) infrastructure. This venture, dubbed “Stargate,” seeks to establish multiple data centers across the U.S., facilitating the rapid development of AI technologies. Initially, the project will kick off with an investment of $100 billion, with ambitious plans for expansion over the next four years. The inaugural data center is set to be built in Texas, with future sites planned for additional states, marking what is being touted as the “largest ever” investment in AI infrastructure in the country. Source: https://en.coinotag.com/breakingnews/trump-announces-500-billion-ai-infrastructure-investment-by-softbank-openai-and-oracle-in-the-u-s/

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Filed under: News - @ January 22, 2025 12:26 am