Trump Launches $500B AI Stargate Initiative, Musk Doubtful

BTCC / BTCC Square / Global Cryptocurrency /

Author:

Published:

2025-01-23 21:20:02

U.S. President Donald Trump has introduced a $500 billion private-led initiative, 'Stargate,' focused on establishing AI data centers across the country. The project aims to generate over 100,000 jobs for Americans. Initial equity backers include OpenAI, SoftBank, Oracle, and MGX, with key technology partners being Arm, Microsoft, NVIDIA, Oracle, and OpenAI. However, Tesla CEO Elon Musk has voiced opposition to the project.

Opinion: Is Tokenized Oil the Next Big Thing in Investing?

Jump Trading Sues Former Firedancer Engineer for Starting Rival Business

|Square

Get the BTCC app to start your crypto journey

Download on the App Store GEI IT ON Google Play

Get started today Scan to join our 100M+ users

Risk warning: Digital asset trading is an emerging industry with bright prospects, but it also comes with huge risks as it is a new market. The risk is especially high in leveraged trading since leverage magnifies profits and amplifies risks at the same time. Please make sure you have a thorough understanding of the industry, the leveraged trading models, and the rules of trading before opening a position. Additionally, we strongly recommend that you identify your risk tolerance and only accept the risks you are willing to take. All trading involves risks, so you must be cautious when entering the market.

Recommended

Promotions

Trump Launches $500B AI Stargate Initiative, Musk Doubtful

|Square