High-Tech Partnership Invests $500 Billion in AI

President Donald Trump on Tuesday talked up a joint venture investing up to $500 billion for infrastructure tied to artificial intelligence by a new partnership formed by Sam Altman of OpenAI, Larry Ellison of Oracle, and Masayoshi Son of SoftBank. The new entity, Stargate, will start building out data centers and the electricity generation needed for the further development of the fast-evolving AI in Texas, according to the White House. The initial investment is expected to be $100 billion and could reach five times that sum. “This will be the most important project of this era,” said Altman, CEO of OpenAI. The White House has put an emphasis on making it easier to build out new electricity generation in anticipation of AI’s expansion, knowing that the United States is in a competitive race against China to develop a technology increasingly being adopted by businesses. High-Tech Partnership Invests $500 Billion in AI – electrifiED