AICoin AI News: Stargate Project to Invest $500 Billion in AI Infrastructure

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A partnership between industry giants OpenAI, Oracle, and SoftBank has announced the formation of a new entity named Stargate. This ambitious project plans to invest a staggering $500 billion over the next four years, focusing on the development of critical AI infrastructure in the United States. The initiative will concentrate on establishing vital data centers and generating the necessary electricity to power the expanding AI sector. The revelation has already made a significant impact on the broader market, specifically in AI-linked cryptocurrencies. According to CoinGecko, the market capitalization of AI tokens has escalated by 9%, reaching $45.83 billion at the time of reporting. Notably, the market cap of AI agent tokens has surged by 13%, touching $14.9 billion. Tokens like Virtuals Protocol have experienced notable gains from this announcement.