President Donald Trump unveiled a $500 billion private-sector initiative aimed at strengthening U.S. artificial intelligence infrastructure, known as the Stargate Project. The announcement follows a move to repeal a Biden-era executive order regulating AI risks. Key players in this initiative include OpenAI, Oracle, SoftBank, Microsoft, Arm, and Nvidia, although specific financial contributions from these companies were not disclosed. Trump emphasized the project's potential to create over 100,000 jobs and boost America's AI capabilities. The first Stargate data centers will be built in Texas. Oracle CEO Larry Ellison and OpenAI CEO Sam Altman expressed optimism about the initiative's impact on the future of AI in America, projecting it to solidify the country's leadership in the industry. Son from SoftBank highlighted the initial investment amount and potential for massive advancements in AI technology. Overall, the Stargate Project marks a significant commitment to AI development in the U.S.

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