Trump announces 'Stargate' AI project with 'at least' $500 bn investments

US President Donald Trump announces a US major investment to build infrastructure for artificial intelligence led by Japanese giant Softbank, Oracle and chatGPT-maker OpenAI.

The venture, called Stargate, comes as big tech players are scrambling to meet AI's voracious computing needs, as well as find the electric power necessary to expand the new technology. Trump said Stargate will be building the physical and virtual infrastructure to power the next generation of advancements in AI, including the construction of "colossal data centers."