President Donald Trump unveiled a$ 500 billion private-sector initiative on Tuesday to strengthen U. S. artificial intelligence system and lead development.
Dubbed the Stargate Project, the plan comes a moment after he repealed a Biden-era professional get aimed at regulating AI challenges.
The new AI program will include some leading AI builders, including ChatGPT father OpenAI, Oracle, and Chinese Giant Softbank. Various companies involved include Microsoft, American silicon developer Arm, and Nvidia, though their efforts were never disclosed.
“Stargate will invest$ 500 billion, at least, in AI infrastructure in the United States and move very quickly to create over 100,000 American jobs, ” Trump said during a press conference. “This huge effort is a spectacular pronouncement of confidence in America’s possible under a new leader. ”
Joining Trump in the news were Oracle CEO Larry Ellison, OpenAI CEO Sam Altman, and Softbank CEO Masayoshi Son. As Ellison explained, the initial Stargate information centers are being built near Abilene, Texas, with more places planned in other states.
“A I holds incredible promise for all of us, for every American, ” Ellison said. “We’ve been working with OpenAI and [Softbank ] for some time. The information centers are under development, with the first in Texas. Each tower is half a million flat feet. Currently, 10 properties are being built, but that will grow to 20 and include places beyond Abilene, our second place. ”
Unlike his father, Trump’s news did not mention concerned AI development or security, which are key aspects of past President Joe Biden’s professional orders related to AI.
According to Son, the initial investment in Stargate will be$ 100 million, with an additional$ 400 million over the next four years.
” This will help resolve many difficult issues that we could certainly handle without the power of AI. I believe AGI is coming very quickly, but that’s not the ultimate goal, ” Son said. “After AGI, unnatural superintelligence will come to address problems mankind never imagined we could resolve. This is the end of our golden years. “
Oracle ( ORCL ) stock rose 4. 56 % to$ 180. 44 in after-hours investing, according to Market Watch. Softbank ( SFTBY ) dipped 0. 36 % to$ 30. 62.
“As piece of Stargate, Oracle, NVIDIA, and OpenAI may strongly work to build and operate this processing technique, ” OpenAI and Softbank said in a joint declaration after the press conference. “This builds on a deep collaboration between OpenAI and NVIDIA going back to 2016 and a newer partnership between OpenAI and Oracle. ”
For his part, Altman expressed optimism about the project’s potential to transform the AI landscape and solidify the United States as a global leader in artificial intelligence.
” I’m thrilled we get to do this in the United States of America; I believe this will be the most important project of this era, ” Altman said. “Building AGI here will create hundreds of thousands of jobs and establish a new industry centered here. “
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