ETtech Explainer: Behind Trump’s $500-billion ‘Stargate’ bid for AI supremacy

In a big move upon taking office, US President Donald Trump on Wednesday said billions of dollars of private sector investment were going towards building artificial intelligence infrastructure in the United States. The ‘Stargate Project,’ backed by top tech giants, will be a new company that intends to invest $500 billion over the next four years building new AI infrastructure in the US. This project is not only aimed at supporting the re-industrialisation of the United States but also to provide a strategic capability to protect the national security of America and its allies, OpenAI said. Here’s why this is important: