Tech giants are putting $500bn into 'Stargate' to build up AI in US

In a historic move, OpenAI, Oracle, Softbank, and a UAE investment fund have partnered to create The Stargate Project, a $500bn AI infrastructure initiative in the US announced by Donald Trump. With $100bn immediately available and 100,000 jobs expected to be created over four years, the project aims to address the growing demand for data centers in the AI industry. This partnership comes as part of a larger trend in the tech industry, with companies like Microsoft and Amazon also investing heavily in AI-powered data centers to meet the surging global demand.

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