Artificial intelligence executives praise Trump’s Stargate project: ‘This is a very large investment that affects all of humanity’
Three tech executives who have joined forces in President Donald Trump’s multibillion-dollar artificial intelligence infrastructure project have defended the venture as an investment that “impacts all of humanity.”
“This is a very large investment that affects all of humanity,” Oracle founder Larry Ellison told Fox News’ chief political anchor Bret Baier. “Special Report” on Tuesday.
President Trump unveiled a massive private-sector artificial intelligence infrastructure project on the first full day of his second term on Tuesday.
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During a speech at the White House, Trump announced that Softbank, OpenAI and Oracle have joined forces in a project called Stargate to build data centers in the US for powering the AI.
Ellison emphasized that the Stargate investment could bring about a “revolution” in healthcare and other industries.
“It is indeed a revolution in medicine. But it is also a revolution in many other industries. Medicine touches us all,” he said. “Yes, a large investment is needed, but the result of the investment will be vaccines that prevent cancer, personalized medicine where we will never encounter a problem like COVID-19 sooner because we get early warning. We know when COVID starts, when there are a handful of patients, instead of having to wait until it becomes an epidemic that is very difficult to control.”
The initial investment in the project will be $100 billion, with plans to expand it to $500 billion over the next four years. The first data center built as part of the initiative will be in Texas, and will eventually expand to other states.
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“That means we can create AI and AGI in the United States of America.[It]wouldn’t be obvious if it were possible,” OpenAI CEO Sam Altman he said. “I don’t think with another president it might not have been possible. But we’re thrilled to be able to do this and I think it’s going to be great for Americans, great for the world.”
Altman acknowledged that AI pioneers must be “responsible” and develop the technology “carefully.”
“I think people are really good and people are going to do, all in all, amazing things with this technology. The scale of this investment is obviously huge. And what I think that says about the likely advancement of the technology, at least what we believe, is accordingly huge , but I have tremendous faith that I will figure it out,” he said.
Before his second term, Trump worked to attract private business investment in the US. Last month, Son joined Trump in the announcement Softbank plans for an investment of 100 billion dollars in America with the aim of creating 100,000 new jobs.
“For a better humanity of our future, we need big capital to invest in the project. We can’t do it with little money. We have to make a big investment for the benefit of humanity,” said SoftBank CEO Masayoshi Son, praising Trump’s vow to introduce gold era in America.
A White House official told FOX Business that Trump has now secured $1 trillion in private investment for the US in various projects since the election.
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FOX Business’ Breck Dumas contributed to this report.
