AI executives praise Trump’s Stargate project: ‘This is a huge investment that affects all of humanity’
The three tech CEOs involved in President Donald Trump’s multibillion-dollar artificial intelligence infrastructure project have hailed the venture as an investment that will “impact all of humanity.”
“This is a huge investment that affects all of humanity,” Oracle founder Larry Ellison told Fox News political anchor Brett Baier on a “Special Report” on Tuesday.
President Trump On Tuesday, on his first full day in his second term, he unveiled a massive AI infrastructure project from the private sector.
In his speech at the White House, Trump announced that SoftBank, OpenAI, and Oracle have partnered to build data centers in the United States through a project called StartGate. Empowering AI.
Ellison emphasized that Stargate’s investment could “revolutionize” healthcare and other industries.
“Of course, it is a revolution in medicine. But it is also a revolution in many other industries. Medicine affects us all,” he said. “Yes, it requires a large investment, but the result of the investment will be vaccines against cancer, personalized medicine. Because we received early warning that we have never faced a problem like Covid-19 before. We know when covid starts, when there are few patients, it is much harder to control than waiting until the outbreak.
The initial investment for the project will be 100 billion dollars, with plans to expand it to 500 billion dollars in the next four years. The first data center was built in Texas and will eventually expand to other states.
See President Trump’s first full day in the White House
“This means that we can create AI and AGI in the United States. It was not clear that this was possible,” OpenAI CEO Sam Altman said. “I don’t think it could have happened with another president. But we’re very happy that we did it, and I think it’s great for Americans, and I think it’s great for the whole world.”
Altman admitted that AI pioneers need to be “responsible” and develop the technology “carefully”.
“I think people are very good, and people are doing incredible things with this technology in a balanced way. The amount of this investment is obviously huge. And I think that’s what it says about the development of the technology, at least what everything is. We believe.
Before his second term, Trump had been working to boost private business investment in the US. Son joined Trump in announcing last month. Softbank plans 100,000 new jobs for a $100 billion investment in America.
“We need big capital to invest in the project for a better future for humanity. We can’t do it with little money. We have to make the biggest investment for the benefit of humanity,” Softbank CEO Masayoshi Son said, citing Trump’s newspaper. They promised to usher in a golden age in America.
A White House official told Fox Business that since the election, Trump has now secured $1 trillion in private investment in projects for America.
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Fox Business’ Brek Dumas contributed to this report.
