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News in English (USA) / 24.01.2025 / 20:00

Trump Unveils Ambitious $500 Billion AI Project Amidst Tech Rivalries

In a major announcement, President Trump introduced the Stargate Project, a $500 billion initiative aimed at enhancing AI infrastructure in the U.S. Supported by tech giants including OpenAI, Oracle, and SoftBank, the initiative has sparked significant debate within the technology community. Elon Musk has been vocal in his criticism, claiming the backers of the project lack sufficient funds and questioning the feasibility of the venture. Meanwhile, Satya Nadella expressed confidence in financial backing, asserting he can secure $80 billion for the project. The conflicting perspectives highlight a rivalry among tech leaders as the U.S. races against China in AI advancement. Analysts are also weighing in on potential stock winners stemming from this unprecedented investment, while the project raises concerns about its impact on the energy grid and international competitiveness.
The Washington Post, CNN, Fortune, Financial Times, Tech Policy Press, DatacenterDynamics, National Review, Gulf News, Al Jazeera English, Verdict