Trump announces a $500 billion AI infrastructure investment in the US
CNN
OpenAI CEO Sam Altman, SoftBank CEO Masayoshi Son and Chairman of Oracle appeared is set to appear at the White House Tuesday afternoon alongside President Donald Trump and other tech CEOs to announce a massive private sector investment in artificial intelligence infrastructure in the United States., a source familiar with the discussions confirmed to CNN.
Three top tech firms on Tuesday announced that they will create a new company, called Stargate, to grow artificial intelligence infrastructure in the United States. OpenAI CEO Sam Altman, SoftBank CEO Masayoshi Son and Oracle Chairman Larry Ellison appeared at the White House Tuesday afternoon alongside President Donald Trump to announce the company, which Trump called the “largest AI infrastructure project in history.” The companies will invest $100 billion in the project to start, with plans to pour up to $500 billion Stargate in the coming years. The project is expected to create 100,000 US jobs, Trump said. Stargate will build “the physical and virtual infrastructure to power the next generation of AI,” including data centers around the country, Trump said. Ellison said the group’s first, 1 million-square foot data project is already under construction in Texas. AI leaders have for months been sounding the alarm that more data centers — as well as the chips and electricity and water resources to run them — are needed to power their artificial intelligence ambitions in the coming years. “I think this will be the most important project of this era,” Altman said on Tuesday. “We wouldn’t be able to do this without you, Mr. President.”
Run 3 Space | Play Space Running Game
Traffic Jam 3D | Online Racing Game
Duck Hunt | Play Old Classic Game
An errant post on X may have just shaken the stock market, showing how influential — and irresponsible — the social media platform can be.
It wasn’t the worst day on Wall Street ever, but it may well have been the weirdest.
US stocks opened lower Monday as markets around the world tumbled over concerns about how President Donald Trump’s sweeping tariffs might upend the global economy and stymie US economic growth.
The United Auto Workers union, and many of its members, have publicly agreed with President Donald Trump’s decision to slap 25% tariffs on all imported cars. But about 900 UAW members will start paying the price for those tariffs starting Monday.
US stock futures were set to open sharply lower for the third straight day after massive routs that plunged stocks close to a bear market. But there was a silver lining – maybe.
JPMorgan CEO Jamie Dimon has issued a blunt warning about President Donald Trump’s tariff policy: It threatens to raise prices, drive the global economy into a downturn and weaken America’s standing in the world.
President Donald Trump warned Americans in 2024 that a vote for Vice President Kamala Harris would be a vote for a market meltdown.
The tariff-induced market mayhem isn’t over just yet.
Japan’s benchmark Nikkei index plunged more than 8% on Monday, deepening a global stocks rout triggered by US President Donald Trump’s trade war.
Industry analysts had initially projected “A Minecraft Movie” would gross $60 million before adjusting that estimate to about $100 million.
Having financial flexibility in retirement — especially in being able to maximize your spending while minimizing your taxes — is an optimal situation.
More than 60 protests were planned for Saturday, and a dozen more for Sunday, at Tesla showrooms across the United States, as backlash continues against CEO Elon Musk for his cost-cutting role at the Department of Government Efficiency.
The Tesla CEO’s comments come after President Donald Trump on Wednesday announced 20% tariffs on goods from the European Union.