Stargate AI Project: What AI Stocks Could Benefit in 2025 and Beyond?

On Tuesday, President Donald Trump announced The Stargate Project, a private $500 billion artificial intelligence (AI) infrastructure project in the United States, as I reported on Wednesday. He heralded it as the "largest AI infrastructure project, by far, in history." Stargate is a joint venture (JV) between three leading technology companies heavily involved in AI: Oracle (NYSE: ORCL), SoftBank Group (OTC: SFTBF), and OpenAI. Oracle co-founder and chairman Larry Ellison, SoftBank founder and CEO Masayoshi Son, and OpenAI co-founder and CEO Sam Altman joined the president at the press conference and they outlined the project.Stargate "intends to invest $500 billion over the next four years building new AI infrastructure for OpenAI in the United States. We will begin deploying $100 billion immediately," OpenAI said in its Tuesday press release. The building out of 10 massive data centers, each of which will be half a million square feet, has begun in Abilene, Texas, Ellison said at the White House press conference. The group is also "evaluating potential sites across the country for more campuses," per the OpenAI release.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool