Trump Announces $100 Billion A.I. Initiative
Published On Jan 21, 2025, 2:47 PM
OpenAI, Oracle, and SoftBank have launched a joint venture named Stargate, aiming to invest at least $100 billion in data center infrastructure to support artificial intelligence development in the U.S. The venture could eventually total investments of up to $500 billion over four years, with plans for initial investments in at least 10 data centers being constructed in Texas. This initiative is part of the efforts by President Trump to enhance American capabilities in AI technology and data infrastructure to compete against China.
Stock Forecasts
ORCL
Positive
This venture represents a significant push into the AI infrastructure space, likely enhancing the market's outlook for companies involved in data centers, technology services, and AI development. OpenAI and Oracle's involvement positions them favorably in the growing demand for AI capabilities. Expect positive sentiment and growth around these companies as they secure key contracts and expand their operations.
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