Trump: Several Companies to Invest $500 Billion in Building AI Infrastructure

BlockBeats News, January 22nd, U.S. President Trump announced at the White House on the 21st that three companies, SoftBank Group of Japan, OpenAI of the United States, and Oracle of the United States, will invest $500 billion to build infrastructure in the United States to support the development of Artificial Intelligence (AI).

Trump stated at the White House that day that the three companies have joined forces to create a project named "Stargate," planning to build data centers in the United States to support AI development.

He said this is the "largest ever" AI infrastructure investment project.

According to U.S. media reports, the initial investment for the project is $100 billion, with plans to expand to $500 billion over the next 4 years. The first data center to be built will be located in Texas, USA, and will then expand to other states. (Golden Finance)