President Trump has announced a massive private sector investment in AI infrastructure in the US, yet Elon Musk has already cast doubt on the size of the investment. OpenAI, Softbank, and Oracle are planning to establish a joint venture called Stargate. SoftBank CEO Masayoshi Son joined Trump for the announcement, along with Sam Altman of OpenAI and Larry Ellison of Oracle. Trump emphasized the desire to keep these projects within the country, amidst competition from China and others. He intends to push through with emergency declarations and ensure sufficient electricity. Executives are expected to commit $500 billion over the next four years, though details of the new partnership remain unclear. Texas already has ten data centers under construction for the project, with more planned. The prospects of AI are praised, with Trump claiming the venture will create over 100,000 American jobs almost immediately. Sam Altman called it the most important project of the era. The executives also highlighted the potential of AI in addressing healthcare issues.
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