AI Executives Applaud Trump’s Stargate Project: “A Huge Investment Impacting All of Humanity”
Trump Highlights $500 Billion Joint Venture with Softbank, Open AI, and Oracle
In a bold move to advance artificial intelligence (AI) infrastructure, President Donald Trump has announced the launch of the Stargate project, a massive joint venture involving Softbank, Open AI, and Oracle. Valued at $500 billion, this initiative aims to build data centers across the U.S., powering AI advancements that could impact numerous industries globally.
The three CEOs behind the Stargate project are calling it a transformative investment. Oracle founder Larry Ellison emphasized the project’s potential to change the future, stating, “This is a very large investment that affects all of humanity.” He pointed out that the Stargate project could lead to breakthroughs in healthcare, including vaccines for diseases like cancer and early detection systems for viruses like COVID-19.
Trump introduced the Stargate project on the first day of his second term. Speaking from the White House, he highlighted the partnership between Softbank, Open AI, and Oracle, and the project’s focus on building data centers that will support AI development in the U.S.
The Stargate project is set to revolutionize many sectors, according to Ellison. He explained that this AI-driven initiative could significantly advance medicine and other industries. “It’s a revolution in medicine. It touches us all,” he said, adding that the project’s investment would lead to personalized treatments and faster response times to health crises.
The initial investment in the Stargate project is $100 billion, with plans to increase it to $500 billion over the next four years. The first data center will be built in Texas, with plans for expansion to other states. Open AI CEO Sam Altman expressed his excitement about the project, saying, “With this investment, we can create A.I. and A.G.I. in the United States. It wouldn’t have been possible without the current leadership.”
Altman also stressed the importance of responsible AI development, acknowledging the need for careful oversight as the technology evolves. “The scale of this investment is huge, and it signals tremendous progress in the field of AI,” he said, expressing confidence that the team will navigate the challenges ahead.
Softbank CEO Masayoshi Son also highlighted the significance of large-scale investments like the Stargate project for humanity’s future. “We need big capital to make this work. This is a project for the good of humanity,” he said, aligning with Trump’s vision of ushering in a new era of innovation in the U.S.
A White House official confirmed that since the election, Trump has secured over $1 trillion in private investments for various U.S. projects, with the Stargate project standing out as a cornerstone for the nation’s technological growth.
The Stargate project is a ground breaking effort that brings together some of the largest names in technology to drive innovation and shape the future of AI. With an initial investment of $100 billion and plans for continued growth, the project is poised to have a lasting impact on healthcare, economy, and beyond.