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'Stargate': Trump Announces $US500 Billion AI Investment

The West Australian

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Date Published
21 Jan 2025
Priority Score
3
Australian
Yes
Created
8 Mar 2025, 02:41 pm

Authors (2)

Description

Donald Trump has announced one of the biggest US government investments in history, with $US500 billion set to be ploughed into AI infrastructure project ‘Stargate’.  

Summary

The article details former US President Donald Trump's announcement of an unprecedented $US500 billion investment in AI infrastructure, marking one of the largest government commitments to AI development in US history. This initiative, known as 'Stargate,' involves collaboration with leading tech figures like OpenAI CEO Sam Altman, and aims to bolster both physical and virtual AI infrastructures across the United States. The announcement has significant implications for global AI capabilities, potentially influencing AI governance and policy on a worldwide scale. Although primarily centered on US efforts, this large-scale investment highlights the importance of international collaboration and strategic policy development in addressing potential AI-related risks.

Body

By Matt ShrivellWORLD POLITICS‘Stargate’: Trump announces $US500b AI investmentUS President Donald Trump has announced one of the biggest US government investments in history as he hosted some of the world’s largest tech companies at the White House, with $US500 billion ($A803 billion) set to be ploughed into AI infrastructure.OpenAI CEO Sam Altman, SoftBank CEO Masayoshi Son and Oracle Chairman Larry Ellison stood alongside Mr Trump on day two of his presidency at the White House on Tuesday afternoon (local time) to announce the private sector investment in artificial intelligence.The new project will see the tech giants form a partnership called ‘Stargate’, with the companies tipping in $US100 billion in investments, with President Trump announcing plans to add up to $US500 billion in investments coming years.“(We are) building the physical and virtual infrastructure to power the next generation of AI including data centres around the country,” Mr Trump said.Read the article