AI: Donald Trump Unveils Plan with OpenAI’s Sam Altman, Oracle’s Larry Ellison, and SoftBank’s Masayoshi Son
Australian Financial Review
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Details
- Date Published
- 22 Jan 2025
- Priority Score
- 3
- Australian
- No
- Created
- 8 Mar 2025, 02:41 pm
Description
The US President announced a joint venture with OpenAI, SoftBank and Oracle to significantly expand artificial intelligence infrastructure in the US.
Summary
The article reports on former US President Donald Trump's announcement of a major US$500 billion initiative focused on expanding digital infrastructure in the United States with the collaboration of OpenAI, SoftBank, and Oracle. This significant investment highlights the growing importance of supporting artificial intelligence infrastructure at a national level, featuring contributions from prominent industry leaders like Sam Altman, Larry Ellison, and Masayoshi Son. Although the article outlines substantial developments in AI infrastructure, it does not directly address AI's existential or catastrophic risks, nor does it offer in-depth analysis of AI safety measures. However, it underscores a notable step towards advancing AI capabilities on a large scale, which could have potential implications for global AI governance and policy frameworks.
Body
TechnologyTrump's White HousePrint articlePaul SmithandMatthew CranstonUpdatedJan 22, 2025 – 6.38pm,first published at6.15amSaveLog inorSubscribeto save articleShareCopy linkCopiedEmailLinkedInTwitterFacebookCopy linkCopiedShare via...Gift this articleSubscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber?LoginSydney / Washington| The billionaire Australian businessman behind the AirTrunk data centre empire says Donald Trump’s $US500 billion ($799 billion) investment in digital infrastructure shows the importance of the sector and its key role in artificial intelligence.Robin Khuda sold the company he founded to American investment giant Blackstone last year in a $23.5 billion deal, the largest data centre transaction of all time. Since then, big investors from David Di Pilla’s HMC Capital to Macquarie have been backing the development of data centres, which are used by tech giants for AI processing and storage.Loading...Paul Smithedits the technology coverage and has been a leading writer on the sector for 20 years. He covers big tech, business use of tech, the fast-growing Australian tech industry and start-ups, telecommunications and national innovation policy.Connect withPaulonTwitter.EmailPaulatpsmith@afr.comMatthew Cranstonis the United States correspondent, based in Washington. He was previously the Economics correspondent and Property editor.Connect withMatthewonTwitter.EmailMatthewatmcranston@afr.comSaveLog inorSubscribeto save articleShareCopy linkCopiedEmailLinkedInTwitterFacebookCopy linkCopiedShare via...Gift this articleSubscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber?LoginLicense articleFollow the topics, people and companies that matter to you.Find out moreRead MoreTrump's White HouseOpenAISoftwareTrump's AmericaUSAAIFetching latest articlesOlympic weightlifting is hard. This boss uses the 1pc rule to get it doneLucy DeanOut-of-control watch price rises give housing a run for its moneyKnow your craft: How the biggest airlines rate at the pointy end‘We’ll fight’: Alex Waislitz on family battles and bad betsPatrick DurkinJob appointments have never been purely merit-based: CEW chiefWhy this CEO saves creative work for after her periodNew Zealand pops its cork for one of the world’s great wine festivalsMax AllenWhy Hawaii’s data-driven wellness retreat is a haven for high-flyersA last-chance tote bag and a groovy case for trumpetersVictor Smorgon’s star fundie eyes 50pc returns for new fundAlex GluyasForrest family powerbroker had alleged role in big Fortescue decisionsEllison-run garnet mine faces punishment over unsanctioned development