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US President Donald Trump has announced that he will invest up to 500 billion dollars in the private sector for the development of artificial intelligence (AI) infrastructure. According to Reuters, Trump is going to invest in the AI sector in order to lag behind competing countries in this technology, which is important in business operations.
According to Trump, ChatGPT maker OpenAI, SoftBank and Oracle are going to start a joint project called 'Stargate'. Through this they are going to create more than 100,000 jobs by setting up data centers in America. For this purpose, Trump informed that Stargate will be started in four years with an initial investment of 100 billion dollars.
Softbank CEO Masayoshi Sun, OpenAI chief Sam Altman and Oracle president Larry Ellison inaugurated the Stargate project in front of Trump at the White House. As part of the project, the first data center installation in Texas has already started, said Alison, head of Oracle.
"We wouldn't have started this project if you hadn't won the election," Sun, the head of Soft Bank, told Trump. OpenAI's Altman also said that if Trump had not become president, they would not have succeeded in developing a powerful technology like 'Artificial General Intelligence' called AGI.
On the second day of his second term, Trump reversed the executive order on AI issued by former President Joe Biden. Biden issued an executive order on AI in 2023 to reduce the risks that AI can pose to consumers, workers, and national security. In that order, it was mentioned that before releasing the AI system that could pose a risk to US national security, economy, public health and safety, the developers should submit a security check report to the government .
Trump has said he is ready to support AI data centers that require massive computing power. "They need a lot of electricity," Reuters wrote, quoting Trump, "if they want, we can help them to produce electricity in their own plants."
