US President Donald Trump wants to use the Stargate project to build new data centers in America for the further development of AI.
US President Donald Trump is announcing a massive artificial intelligence project, talking about an investment of at least $500 billion. Among other things, this money will go to AI infrastructure such as data centers. The Stargate project is a joint venture between cloud specialist Oracle, OpenAI, SoftBank and Nvidia.
The US president stressed that the project will remain within the walls of the United States. “China is a competitor, others are competitors,” Trump said in his speech.
Stargate project
The new joint venture would invest up to $500 billion in infrastructure needed for AI development. On Tuesday, Trump spoke out about this new project under the name Stargate, flanked by OpenAI CEO Sam Altman, Softbank and Oracle Executive Chairman Larry Ellison.
With this project, the president wants to build new data centers for the rapid development of AI. The initial investment would be $100 billion, and about five times again. According to Trump, this would create “almost more than 100,000” jobs in the US. The first data centers will be built in the state of Texas.
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Several major players are involved in the joint venture, including cloud specialist Oracle, investor SoftBank, chip maker Nvidia and AI company OpenAI. The latter has long relied on Microsoft data centers to build its AI systems. In the future, the AI company plans to build its own data centers.
And, Europe?
The United States is shooting ahead with the Stargate project, and no investment is too big to reach the top with AI. Trump, in his short term as president, has already taken the AI decree of former U.S. President Joe Biden off the table. So AI in the U.S. can now be developed by AI tech companies without a safety net.
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Europe, on the other hand, is coloring within the lines with strict regulations such as the AI law, among others. The EU is watching from the sidelines but does not seem to be taking any concrete action. Regulations are increasing but effective investments in AI infrastructure such as data centers or chips are failing to materialize.