Trump announces $500bn ‘Stargate’ AI project

AlArabiya English

President Donald Trump announces project “Stargate” worth nearly $500 billion, a major US investment to build infrastructure for Artificial Intelligence (AI) led by Japanese giant Softbank, Oracle and ChatGPT-maker OpenAI.

Transcript

00:00Together, these world-leading technology giants are announcing the formation of Stargate.

00:07So put that name down in your books, because I think you're going to hear a lot about it

00:12in the future.

00:13A new American company that will invest $500 billion, at least, in AI infrastructure in

00:19the United States and very, very quickly moving very rapidly, creating over 100,000 American

00:26jobs almost immediately.

00:28This monumental undertaking is a resounding declaration of confidence in America's potential

00:34under a new president.

00:37Let me be—a new president, I didn't say it, they did.

00:41So I appreciate that, fellas.

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