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.”
Elon Musk says that he believes the US Postal Service and Amtrak need to privatized and that “we should privatize anything that can reasonably be privatized.”
Tom Llamas will replace Lester Holt as the face of “NBC Nightly News.”
The Los Angeles Times’ billionaire owner, who unveiled an AI tool that generates opposing perspectives to be displayed on Opinion stories, was unaware the new tool had created pro-KKK arguments less than 24 hours after it launched — and hours after the AI comments had been taken down. The incident presents a massive hurdle for the Times as the newspaper looks to leverage the new suite of offerings to woo back old subscribers and win over new ones.
US stocks rose Wednesday after the Trump administration announced it would grant a one-month exemption for tariffs on Canada and Mexico that affect automakers.
President Donald Trump has granted an exemption on auto tariffs on Mexico and Canada for one month, White House Press Secretary Karoline Leavitt confirmed Wednesday.
The Trump administration’s frenetic policy changes appear to be making US businesses think twice about hiring new workers.
If you don’t like President Donald Trump’s tariff policy, wait a minute.
Well, it finally happened: President Donald Trump fulfilled his promise to impose sweeping tariffs on America’s top three trading partners, Mexico, China and Canada.
So much for the theory that Wall Street will keep Trump in line …
Employers have already started making moves in anticipation of possible scrutiny from the Trump administration.
Target is facing a 40-day consumer boycott starting Wednesday over the company’s shift away from diversity, equity and inclusion (DEI) policies.
China has set an ambitious target for “around 5%” growth in 2025, maintaining last year’s goal even as it braces for the fallout from escalating American tariffs on its export-driven economy.
Lawmakers and aviation organizations grappled with whether the US has maintained its title as “the gold standard” when it comes the safety of the nation’s air traffic control system in a House hearing Tuesday.