Trump Launches $500 Billion AI Initiative in the Heart of America’s Oil Country ...Middle East

OILPRICE - Economy
Trump Launches $500 Billion AI Initiative in the Heart of America’s Oil Country
source : OILPRICE ( Middle East ) () 178
Donald Trump announced a “monumental” round of investment in artificial intelligence infrastructure, backed by some of the biggest tech firms in the US. OpenAI’s Sam Altman and Oracle’s Larry Ellison, appeared with President Trump in the White House yesterday to unveil the Stargate Project. The company will start with an initial $100bn investment round to build out extra AI data centres, but the eventual investment could reach $500bn. “The buildout is currently underway, starting in Texas, and we are evaluating potential…

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