Trump has promised to accelerate the production of American-made AI to compete against China for global leadership in the technology.
The project, which will be financially led by SoftBank and operationally by OpenAI, will see an immediate investment of $100 billion. Masayoshi Son will be the chairman of the company.
During a Tuesday afternoon press conference, President Donald Trump shared some details about the letter that former President Joe Biden left him in the Oval Office, as is customary for outgoing presidents to do for their successors.
President Trump hosted executives from Softbank, OpenAI and Oracle at the White House Tuesday to announce “Stargate,” a $500BN private-sector plan to build new AI data centers.
President Donald Trump on Tuesday talked up a joint venture investing up to $500 billion for infrastructure tied to artificial intelligence by a
When Biden's AI Order was established, half a dozen US politicians applauded the measure alongside industry executives like Microsoft President Brad Smith, who called it a "critical step forward in the governance of AI technology" (In October, Microsoft founder Bill Gates quietly supported Kamala Harris for president with a $50 million donation).
Hours after returning to the White House, President Donald Trump made a symbolic mark on the future of artificial intelligence by repealing former President Joe Biden's guardrails for the fast-developing technology.
While SoftBank will be financially responsible, OpenAI will be operationally responsible for building AI infrastructure in the US.
SoftBank CEO Masayoshi Son's plan to invest billions in AI in the United States shows one way to handle the new Trump administration: go big and deal with the details later. For a Japan Inc anxious about how to navigate the second term of President Donald Trump - and the threat of steep tariffs or other punitive measures - that approach may not be so easy to replicate.
Tuesday marks President Donald Trump's first full day in office and similar to Inauguration Day, the president and his team are moving quickly to make change.
US President Donald Trump has started his second term with a bang - a private sector artificial intelligence investment of at least US$100 billion announced by the White House on Tuesday. "This monumental undertaking is a resounding declaration of confidence in America's potential under a new president,