{"id":620397,"date":"2025-01-22T12:25:05","date_gmt":"2025-01-22T12:25:05","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=620397"},"modified":"2025-01-22T12:25:05","modified_gmt":"2025-01-22T12:25:05","slug":"donald-trump-unveils-500-billion-stargate-project-for-ai-infrastructure-boosting-ai-cryptos","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/donald-trump-unveils-500-billion-stargate-project-for-ai-infrastructure-boosting-ai-cryptos","title":{"rendered":"Donald Trump Unveils $500 Billion Stargate Project For AI Infrastructure, Boosting AI Cryptos"},"content":{"rendered":"

President Donald Trump unveiled the $500 billion Stargate Project for AI infrastructure in the US, sending AI cryptos surging.<\/span><\/p>\n

The project aims to invest $100 billion immediately and up to $500 billion over four years, and has as its equity investors SoftBank, OpenAI, Oracle, and MGX, according to an official statement. <\/span><\/p>\n

SoftBank and OpenAI lead the partnership, while SoftBank handles financial responsibilities and OpenAI oversees operations, it said.<\/span><\/p>\n

“China is a competitor, others are competitors, ” Trump said. “We want it to be in this country, and we’re making it available.” <\/span><\/p>\n

“This project will not only support the re-industrialization of the United States but also provide a strategic capability to protect the national security of America and its allies,” OpenAI said in a <\/span>statement<\/span><\/a>.<\/span><\/p>\n

“The fact that we get to do this in the United States, I think is wonderful,” said OpenAI CEO Sam Altman.<\/span><\/p>\n

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Announcing The Stargate Project<\/p>\n

The Stargate Project is a new company which intends to invest $500 billion over the next four years building new AI infrastructure for OpenAI in the United States. We will begin deploying $100 billion immediately. This infrastructure will secure…<\/p>\n

— OpenAI (@OpenAI) January 21, 2025<\/a><\/p><\/blockquote>\n