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Midjourney

What Stargate means for Donald Trump, OpenAI, and Silicon Valley

In his first week back in office, Donald Trump gathered tech leaders Tuesday to announce a half-trillion-dollar project called Stargate.

Flanked by OpenAI CEO Sam Altman, Oracle chairman Larry Ellison, and SoftBank CEO Masayoshi Son, Trump announced a $500 billion private investment in artificial intelligence infrastructure that he said is “a resounding declaration of confidence in America’s potential.” SoftBank’s Son called it the “beginning of a golden age” of AI in the United States.

While Trump heralded the announcement from the White House, Stargate is a privately funded joint venture. The new entity is backed by OpenAI, SoftBank, and Oracle, but also MGX, an Abu Dhabi-based investment firm. Microsoft and chipmakers Arm and Nvidia were named “technology partners” for Stargate. The purpose: to build massive data centers across America to spur the increased demand for AI.

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Anthropic releases the Claude 3 series model, Suqian, Jiangsu province, China, March 5, 2024

Photo by CFOTO/Sipa USA via Reuters

Hard Numbers: Amazon’s AI ambitions, what to use ChatGPT for, energy crisis, Enter Stargate

2.75 billion: Amazon invested an additional $2.75 billion in the AI startup Anthropic, which makes the popular chatbot Claude, brings their total investment to around $4 billion, while Google also has a $2 billion stake in the company. The big tech giants like Amazon, Google, and Microsoft, with its $13 billion deal with OpenAI, have chosen investments and strategic partnerships instead of buying startups outright. Amazon also announced it’ll spend $150 billion on data centers over the next 15 years to support its AI ambitions.

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