Silicon Valley is at an inflection point

On his second day in office this year, President Trump underscored his unequivocal support for the tech industry. Standing at a lectern next to tech leaders, he announced the Stargate Project, a plan to pump $500 billion in private investment over four years into artificial intelligence infrastructure. For comparison: The Apollo mission, which sent the first men to the moon, spent around $300 billion in today’s dollars over 13 years. Sam Altman, OpenAI’s chief executive, played down the investment. “It sounds crazy big now,” he said. “I bet it won’t sound that big in a few years.”