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Author: g0177325   😊 😞
Number: of 48467 
Subject: Laying it on thick
Date: 01/21/2025 5:34 PM
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This strikes me as a potentially great project. Trump actually sounds somewhat coherent and, dare I say it, "presidential". Would it have happened under Harris? I'd think yes, but Trump is of course claiming it's solely due to him.

WASHINGTON (AP) — President Donald Trump on Tuesday is announcing investments worth up to $500 billion for infrastructure tied to artificial intelligence by a new partnership formed by OpenAI, Oracle and SoftBank.

The new entity, Stargate, will start building out projects 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.

Joining Trump for the announcement fresh off his inauguration will be Masayoshi Son of SoftBank, Sam Altman of OpenAI and Larry Ellison of Oracle. Son, a billionaire based in Japan, already committed in December to invest $100 billion in U.S. projects over the next four years. The head of SoftBank previously committed to $50 billion in new investments ahead of Trump's first term, which included a large stake in the troubled office-sharing company WeWork.


https://www.lmtonline.com/business/article/trump-t...
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