US tech companies to invest $500 billion in AI
National Review: President Donald Trump on Tuesday announced a joint venture between three large tech companies to invest as much as $500 billion into building out U.S. artificial intelligence infrastructure. The joint venture, known as Stargate, involves Oracle, Open AI, and Softbank and will see the companies join together to build out American data centers to power artificial intelligence systems, including ChatGPT. Stargate, which could cost up to $500 billion over a four-year period, will begin with a data center in Texas, a state friendly to crypto and other parts of the tech industry. “This monumental undertaking is a resounding declaration of confidence in America’s potential under a new president,” Trump said. He appeared relaxed and made several off-the-cuff quips during the press conference. Trump said he would help the venture speed up production through emergency declarations and predicted that it would create 100,000 American jobs. CBS News first reported on the an...