Trump has said the project will bring more than 100,000 jobs to America (Picture: EPA)
Donald Trump has announced a multi-billion dollar project which he claims will bring ‘100,000’ jobs to America.
SoftBank, OpenAI and Oracle Corp have announced the creation of a joint company called ‘Stargate’, which they say will invest $500 billion over the next four years in AI.
Construction will begin soon in Texas. Rumours about the project began in early 2024, when Joe Biden was still in office.
OpenAi said: ‘We will begin deploying $100 billion immediately. This infrastructure will secure American leadership in AI, create hundreds of thousands of American jobs, and generate massive economic benefit for the entire world.
‘This project will not only support the re-industrialization of the United States but also provide a strategic capability to protect the national security of America and its allies.’
Building the massive warehouses and facilities to house the servers and storage systems that power artificial intelligence will cost millions of dollars.
Trump said of the project: ‘Together these world leading technology giants are announcing the formation of Stargate…
OpenAI CEO Sam Altman is working with the project (Picture: AFP)
‘A new American company that will invest $500 billion at least in AI infrastructure in the United States…creating over 100,000 American jobs.’
A similar move has been made in the UK by Keir Starmer, who said he plans for the government to invest £14,000,000,000 in the AI sector to drive economic growth, taking on the current giants of the US and China and hoping to attract billions of pounds of investment.
Culham, population 453 at last count, has been designated as an AI Growth Hub as part of a bid to ‘turbocharge’ tech in the UK.
The village near Abingdon is the first growth zone to be identified, and it is not merely a sleepy hamlet chosen randomly. It is also the headquarters of the UK Atomic Energy Authority, and hosts a lab for fusion research.
This means it has the potenti.al to provide the vast amounts of energy needed to power AI models.
Other zones will be announced as the plan continues, and all will be able to boast faster planning decisoins and access to unusually large amounts of energy.
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