💨 Abstract

President Donald Trump announced a $500 billion private sector investment for artificial intelligence (AI) infrastructure, led by OpenAI, SoftBank, and Oracle in a joint venture called Stargate. The initial commitment is $100 billion, with potential for additional investments over four years. The project aims to build data centers to power AI, which may increase electricity demand and potentially lead to power shortages.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖