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Trump to Announce Private Sector AI Infrastructure Investment

iTnews

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Details

Date Published
22 Jan 2025
Priority Score
2
Australian
Yes
Created
8 Mar 2025, 02:41 pm

Authors (1)

Description

Totalling billions of dollars.

Summary

The article reports President Donald Trump's plan to announce a significant private sector investment in artificial intelligence infrastructure within the United States, involving prominent companies like OpenAI, SoftBank, and Oracle. Their joint venture, named Stargate, is expected to catalyze advancements in AI technology infrastructure, with financial commitments amounting to billions of dollars. Although the report highlights critical industry developments, the focus remains on U.S. industry initiatives, with limited discussion on global AI safety or governance frameworks. The article does not explicitly address existential AI risks or significant safety considerations.

Body

President Donald Trump is due to announce private sector investment to build artificial intelligence infrastructure in the United States totalling billions of dollars, CBS News reported. OpenAI, SoftBank and Oracle are planning a joint venture called Stargate, the report added, saying SoftBank ... Hi! You've reached one of our premium articles. This is available exclusively to subscribers. It's free to register, and only takes a few minutes. Once you sign up you'll have unlimited access to the full catalogue of Australia's best business IT content, as well as a daily news bulletin delivered straight to your inbox. Register now Already have an account? Log in to read this article.