President Donald Trump announced a private sector investment of up to $500 billion to fund infrastructure for artificial intelligence (AI). The initiative, dubbed Stargate, involves a joint venture between major tech companies to build data centers and create over 100,000 jobs in the United States. The project is expected to power AI applications in various sectors, including healthcare.
on Tuesday announced a private sector investment of up to $500-billion to fund infrastructure for artificial intelligence, aiming to outpace rival nations in the business-critical technology.are planning a joint venture called Stargate, which he said will build data centres and create more than 100,000 jobs in the United States.
The first of the project’s data centres are already under construction in Texas, Ellison said at the news conference. Twenty will be built, half a million square feet each, he said. The project could power AI that analyzes electronic health records and helps doctors care for their patients, Ellison said.
It was not immediately clear whether the announcement was an update to a previously reported venture. AI requires enormous computing power, pushing demand for specialized data centres that enable tech companies to link thousands of chips together in clusters. As a candidate in 2016, Trump promised to push a $1-trillion infrastructure bill through Congress but did not. He talked about the topic often during his first term as president from 2017 to 2021, but never delivered on a large investment, and “Infrastructure Week” became a punchline.
AI INFRASTRUCTURE INVESTMENT DATA CENTERS COMPUTING POWER
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