Trump Budget: Trump Allocates 500 Bn For Ai Infra Development | Trump Inauguration 2025 | N18G

U. S. President Donald Trump announced a $500 billion investment in AI infrastructure following meetings with leaders from OpenAI, Softbank, and Oracle. This investment aims to create 100,000 jobs and supports a new joint venture called Stargate, which will focus on developing AI infrastructure in Texas. Softbank's CEO Masayoshi Son committed billions for this initiative, while Oracle's Larry Ellison plans to construct large-scale data centers. The project seeks to meet rising demands for AI computing resources and aims to enhance U. S. tech dominance. There is some uncertainty about whether Stargate is a new venture or an extension of existing plans. Source: ReutersShow more