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
President Donald Trump on Wednesday launched a US trade war with every country via a barrage of tariffs that are set to go into effect almost immediately. American consumers and businesses stand to pay a hefty price for that battle.
Stellantis has “paused production” at some of its Canadian and Mexican auto assembly plants due to the newly announced tariffs — and as a result, some US workers will also be temporarily laid off.
More than 275,000 layoffs were announced last month, reaching a level not seen since the pandemic, according to a new report published Thursday.
Stock markets on Thursday were severely rattled by President Donald Trump’s historic tariff announcement, which threatened to plunge the US and global economies into a recession.
This is the dubious way Trump appears to have calculated his ‘reciprocal’ tariffs
There’s nowhere to hide in the auto industry from President Donald Trump’s auto tariffs, according to former Ford CEO Mark Fields.
All it took was losing $100 billion in three months to make Elon Musk change his tune on government work.
Stock markets across the Asia-Pacific region tumbled on Thursday after US President Donald Trump imposed tariffs on trading partners around the world, with many Asian countries taking the biggest hits.
The sweeping tariffs announced by US President Donald Trump on Wednesday target not only economic superpowers but also financial minnows. In fact, a White House list notes some territories with no economy, and no people, at all.
Europe prepares countermeasures to Trump’s tariffs, calling them a ‘major blow to the world economy’
The European Union is preparing countermeasures to US President Donald Trump’s announcement of 20% tariffs on imports from the bloc, which it called a “major blow to the world economy.”
Wall Street had hoped for a rally. Stock futures are in a free fall as investors digest President Donald Trump’s sweeping tariffs.
President Donald Trump imposed 54% tariffs on all Chinese imports into the United States Wednesday as part of his sweeping “Liberation Day” reset of American trade global policy.
President Trump just unveiled sweeping tariffs that will reverberate through the US economy, sending inflation higher and weakening economic growth.