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Trump announces $500 billion investment in AI: Will create over 100,000 jobs

Trump announces $500 billion investment in AI: Will create over 100,000 jobs

President Trump announced on Tuesday billions of dollars in private sector investment to build artificial intelligence infrastructure in the United States.

OpenAI, Softbank and Oracle are planning a joint venture called Stargate, Mr. Trump said at a White House briefing.

SoftBank CEO Masayoshi Son joined Mr. Trump for the announcement, along with Sam Altman from OpenAI and Larry Ellison from Oracle.

Company executives are expected to commit $500 billion to Stargate over the next four years. Details of the new partnership were not immediately disclosed.

Trump claimed that the venture would create over 100,000 jobs for Americans.