AssetID: 54452838
Headline: UNCAPTIONED: US Tech Giants Unveil $500 Billion AI Infrastructure Plan
Caption: US Tech Giants Unveil $500 Billion AI Infrastructure Plan. OpenAI partners with Oracle and Softbank to launch a $500 billion AI infrastructure initiative. President Trump hails the project as a bold declaration of confidence in America's future. ”This will be the most important project of this era," says OpenAI's CEO, Sam Altman. The joint venture, named Stargate, will invest $500 billion over the next four years. The first AI-powered data centres are under construction in Texas, with more to follow across the U.S. The project aims to create over 100,000 jobs, boosting the economy and tech infrastructure. OpenAI’s ChatGPT revolutionized AI, spurring massive investments in the tech's future. Former President Biden introduced rules to control AI chip exports, tightening U.S. industry control. Microsoft plans an $80 billion investment in AI data centres, joining the race with other tech giants. Demand for data centres is surging, with McKinsey predicting a 27% annual growth by 2030. Instructions: THIS VIDEO MUST NOT BE EDITED FOR LENGTH TO COMBINE WITH OTHER CONTENT
Keywords: United States,OpenAI,Tech giants,$500 Billion,AI infrastructure plan,Initiative,President,Donald Trump,Project,Declaration,America,Future,Confidence,Microsoft,current affairs and politics
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