President Donald Trump has announced what he describes as “the largest AI infrastructure project in history,” a visionary initiative worth up to $500 billion. The joint venture, named Stargate, involves leading tech firms OpenAI, Oracle, and SoftBank, and aims to construct crucial data centers and computing infrastructure throughout the United States. Trump stated that this ambitious project is expected to create "over 100,000 American jobs almost immediately."

During the official announcement at the White House, Trump emphasized the need to retain AI development within the United States, citing China as a competitor. “What we want to do is we want to keep it in this country,” he reiterated. The project represents Trump’s significant push to enhance the country’s technological capabilities and maintain a competitive edge in the global AI landscape.

The initial phase of the initiative will kick off with a $100 billion investment to establish necessary data centers, with plans to escalate to $500 billion over four years. Key figures accompanying Trump during the announcement included Sam Altman, CEO of OpenAI, who noted the endeavor as "the most important project of this era."

Several data centers are already under construction in Texas, with additional sites planned for nationwide development, indicating a fast-tracked timeline. Trump has pledged to expedite regulatory processes through emergency declarations to support energy needs critical for AI operations. "They have to produce a lot of electricity and we'll make it possible for them to get that production done very easily at their own plants,” he affirmed.

This landmark announcement coincided with Trump’s inauguration and follows his reversal of former President Joe Biden’s executive order on AI safety standards, signaling a pivotal shift in U.S. AI policy. The venture aligns with broader market estimates, as highlighted by Blackstone, which anticipated $1 trillion in U.S. data center investments over the next five years. “This monumental undertaking is a resounding declaration of confidence in America’s potential under a new president,” Trump concluded.

For more details on this significant project, visit the complete reports from The Guardian and India Times.