A $500bn investment plan says a lot about Trump’s AI priorities
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Published 1/22/2025 on economist.com
Business | A bad day for doomers
It’s build, baby, build
Jan 22nd 2025|SAN FRANCISCO
When President Donald Trump announced a half-trillion-dollar of private-sector investment in American artificial-intelligence (AI) infrastructure on January 21st, his second day in office, he basked in the accolades of the three men backing the “Stargate” project: OpenAI’s Sam Altman, Son Masayoshi, a Japanese tech mogul, and Larry Ellison of Oracle, an IT firm. He called it the largest AI investment in history. Then came the kicker. “This is money that normally would have gone to China.”
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Artificial intelligenceBusinessUnited StatesThis article appeared in the Business section of the print edition under the headline “Build, baby, build ”
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