Trump Announces $500 Billion ‘Stargate’ Project To Make U.S. Lead The World In AI Development

President Donald Trump announced on Tuesday $500 billion of dollars in private sector investment to build artificial intelligence infrastructure in the United States so the country can dominate the future of the emerging technology.

Trump made the announcement at the White House alongside Softbank CEO Masayoshi Son, Open AI CEO Sam Altman, and Oracle Executive Chairman Larry Ellison.

“These world-leading technology giants are announcing the formation of Stargate,” Trump said. “So put that name down in your books, because I think you’re going to hear a lot about it in the future — a new American company that will invest $500 billion at least in AI infrastructure in the United States.”

“What we want to do is we want to keep it in this country,” the president said of leading AI talent and development. “China is a competitor, others are competitors. We want to be in this country, and we’re making it available. I’m gonna help a lot through emergency declarations, because we have an emergency, we have to get this stuff built.”

“They have to produce a lot of electricity,” he continued. “And we’ll make it possible for them to get this production done easily, at their own plants if they want.”

CELEBRATE #47 WITH 47% OFF DAILYWIRE+ MEMBERSHIPS + A FREE $20 GIFT

The executives said that AI held enormous potential to transform the country and for every American.

Trump said that the initiative would create “over 100,000 American jobs almost immediately.”

Altman touted how AI likely will be able to not only develop treatments for a wide range of diseases, but cures as well.

“We will see diseases get cured at an unprecedented rate,” Altman said. “We will be amazed at how quickly we’re curing this cancer and that one — and heart disease.”

Ellison also mentioned the health benefits that will come from AI.

“Little fragments of those [cancer] tumors float around in your blood. So you can do early cancer detection. If you can do it using AI, you can do early cancer detection with a blood test and using AI to look at the blood test,” Ellison said. “Once we gene sequence that cancer tumor, you can then vaccinate the person — design a vaccine for every individual person that vaccinates them against that cancer. That mRNA vaccine, you can make that robotically, again using AI, in about 48 hours.”

WATCH: