35.3 C
Delhi
Saturday, May 31, 2025

U.S.: Trump announces 500 bln USD AI infrastructure investment

Date:

Share post:

Donate-GC-Razorpay

Washington: U.S. President Donald Trump on Tuesday announced a 500-billion-U.S.-dollar investment from OpenAI, SoftBank and Oracle in artificial intelligence (AI) infrastructure in the United States.

At a White House event Tuesday afternoon, Trump said the three companies are set to partner on a new AI infrastructure company called Stargate, which will be building “the physical and virtual infrastructure to power the next generation of AI,” including data centers across the nation.

The companies will begin with a 100-billion-dollar investment, with plans to invest up to 500 billion dollars in the project over the next four years.

The CEOs of all three tech firms joined the president at the White House for the announcement.

In early January, Trump announced that 20 billion dollars from an Emirati developer will be invested to build data centers across the United States.

Related articles

Foreigner detained near Army HQ in Shimla; Himachal youth arrested in separate case

Shimla/Dehra: Security agencies have heightened surveillance in Himachal Pradesh after two back-to-back incidents raised national security concerns —...

U.S. SC allows Trump administration ending humanitarian parole for 500,000-plus migrants

New York: U.S. Supreme Court on Friday lifted a federal district court order that kept humanitarian parole protections...

Israel warns Hamas to accept U.S. envoy’s Gaza ceasefire deal “or be destroyed”

Jerusalem: Israeli Defence Minister Israel Katz on Friday warned Hamas to accept the Gaza ceasefire deal proposed by...

Sudan receives 2.9 mln cholera vaccine doses amid surge in cases: Health Ministry

Khartoum: The Sudanese Ministry of Health announced on Friday that it has received over 2.9 million doses of...