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Its a $500 billion investment over 4 years. A joint venture between OpenAI, Oracle and Softbank to create what will arguably be the best AI infrastructure in the world. For context, this amount is equal to roughly 1.83% of USA’s current GDP. Initial funding of $100 billion is already deployed immediately. Nvidia and Microsoft will also be helping with the project. Trump also mentioned that the project will create around 100,000 american jobs.
The press conference had Trump, the SoftBank CEO Masa along with Sam Altman and CEO of Oracle, Larry Ellison. The big three claimed that we’ll get medical breakthroughs at an unprecedented rate, personalized mRNA vaccines, etc. with the help of AI. The SoftBank CEO mentioned AGI and ASI as well. Personally, I think there is where we’ll get ASI if we are able to create in before 2030.
Anyways, I’d highly recommend everyone to watch the conference. This is arguably a historic moment and must not be missed.
Youtube video of the press conference:
