Trump Administration Launches $500 Billion ‘Stargate’ AI Initiative

In a landmark move to bolster the United States' position in artificial intelligence (AI), President Donald Trump has unveiled the 'Stargate' project—a $500 billion investment in AI infrastructure. Announced at the White House on January 21, 2025, the initiative is a collaboration between tech giants OpenAI, Oracle, SoftBank, and Abu Dhabi’s MGX. The project's initial phase includes a $100 billion commitment to construct data centers in Texas, aiming to create over 100,000 American jobs.

President Trump emphasized the project's significance, stating it would "usher in. . .