USA: Trump Notice for Private Investment in Artificial Intelligence Infrastructure Expected

A private sector investment to build infrastructure on, Donald Trump is expected to announce, according to CBS television network. According to the report, artificial intelligence companies OpenAI, Softbank and Oracle are planning a consortium called Stargate. The CEOs of Japanese multinational Softbank, Masayoshi Sean, OpenAI Sam Altman and Oracle Larry Ellison are expected to go to the White House in the US. Company executives will initially allocate $100 billion and then up to 500 billion to the Stargate program for the next four years. CORVERSE It is unclear whether tonight’s announcement is linked to Microsoft and OpenAI’s recently announced collaboration. In March 2024 at The Information it was reported that these companies were working on plans for a $100 billion data center that would include an artificial intelligence supercomputer, Stargate, which would operate from 2028. The rapid adoption of artificial intelligence technology launched demand for data centres capable of managing more advanced tasks than traditional ones. Source: RES – ICM