AI companies OpenAI, SoftBank and Oracle plan to launch a joint project called “Stargate” with the aim of competing with China.
The new President of the United States, Donald Trump, has announced an investment of up to 500 billion dollars in the private sector build an artificial intelligence infrastructure (AI) in the country.
AI companies OpenAI, SoftBank and Oracle plan to form a joint venture called “Stargate,” which will start with a data center investment in Texas and later expand to other states.
‘Write that name down, Stargatebecause they’re going to hear it a lot,” Trump said in statements to the press at the White House.
The President has assured that this investment will make this possible creating hundreds of thousands of jobs in the US. and has emphasized the importance of promoting investments in artificial intelligence in the country faces competition with Chinathat makes major investments in the sector.
‘We want this technology to stay in our country. China is a competitor and in the future of technology we want it to stay in this country. China is a competitor and others are too. We want it to be here,” he said.
After Trump spoke, SoftBank CEO Masayoshi Son appeared before the press; that of OpenAI, Sam Altman, and that of Oracle, Larry Ellison.
They will each invest $100,000 million initially and commit up to $500,000 million to Stargate over the next four years, Son said, explaining that artificial general intelligence and artificial superintelligence, equivalent or superior to human capabilities, “will come” . very soon.”
Son stated that this is the “beginning of a new era” for artificial intelligence, with advances that could mean important advances in the medical field, something that Trump also highlighted as one of the tangible benefits of this investment, which could facilitate a cure . of cancer.
Oracle is one of the leaders in data centers and one of the fastest growing thanks to the AI boom and its investments in data center energy efficiency, while Japanese multinational Softbank is one of the best-connected technology investors in the world.
Since OpenAI launched ChatGPT in 2022, investment in AI has increased and companies across industries have incorporated the technology into their products and services.
Source: EITB
I’m Wayne Wickman, a professional journalist and author for Today Times Live. My specialty is covering global news and current events, offering readers a unique perspective on the world’s most pressing issues. I’m passionate about storytelling and helping people stay informed on the goings-on of our planet.
