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President Donald Trump has announced an up to $500 billion investment in private sector artificial intelligence infrastructure, which is kicking off with data centers in Texas.
Executives from OpenAI, Softbank and Austin-based Oracle will invest $100 billion initially and up to $500 billion in a joint venture called Stargate over the next four years. Oracle’s Chief Technology Officer Larry Ellison joined Softbank CEO Masayoshi Son and OpenAI CEO Sam Altman at the White House for the Tuesday announcement.
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