News/Trump
Ambition meets controversy in Trump’s $500B AI moonshot
President Trump has announced a $500 billion private-sector AI initiative called "Project Stargate," partnering with major tech companies to build massive AI data centers across America while reducing regulatory oversight. Project overview and key players: The initiative brings together OpenAI, Oracle, and SoftBank to construct 20 AI data centers nationwide, with the first facility already under construction in Texas. The initial commitment stands at $100 billion, with Microsoft CEO Satya Nadella confirming an $80 billion contribution The path to reaching the full $500 billion target remains unclear, depending heavily on future fundraising and market conditions Construction has already begun on...
read Jan 23, 2025AI executive order signed by Trump aims to curb ‘ideological bias’
Trump signs new executive order on artificial intelligence, replacing Biden-era policies with a focus on innovation and removing perceived ideological barriers. Key policy changes: The executive order rescinds previous AI policies and establishes new directives aimed at fostering AI development with fewer regulatory constraints. The order explicitly targets the removal of what Trump characterizes as barriers to American AI innovation A new framework emphasizes AI systems development "free from ideological bias or engineered social agendas" The directive supersedes Biden's 2023 AI executive order, which Trump rescinded earlier this week Implementation details: A small team of White House officials will spearhead...
read Jan 22, 2025Elon is taking to social media to throw shade on Trump’s $500B AI plan
OpenAI, Oracle and other tech giants announced a massive AI infrastructure project in partnership with the Trump administration, immediately drawing skepticism from Elon Musk about its financial viability. Project Overview: The Stargate initiative, announced by President Trump, represents a planned $500 billion investment in U.S.-based AI data centers over four years. The project involves major tech companies including OpenAI, Oracle, MGX, and Japanese investment firm SoftBank Construction has already begun on an initial data center in Texas, according to Oracle Chairman Larry Ellison Trump characterized the initiative as "the largest AI infrastructure project by far in history" and "a resounding...
read Jan 22, 2025Japanese firms will struggle to follow SoftBank in going all-in with Trump’s AI plans
SoftBank CEO Masayoshi Son's recent meetings with Donald Trump demonstrate a bold strategy of large investment announcements in U.S. artificial intelligence initiatives, setting a precedent that may be difficult for other Japanese companies to follow. The big picture: SoftBank's approach of making ambitious investment pledges, including a $100 billion U.S. investment commitment and a $500 billion AI infrastructure venture called Stargate with OpenAI and Oracle, represents a distinct departure from traditional Japanese corporate practices. Son has met with Trump twice since the November presidential election, positioning SoftBank as a key ally in U.S. technology development The Stargate venture's specific funding...
read Jan 22, 2025Trump, AI developer tools and the biggest moves in AI this week (so far)
In a significant policy shift, President Trump has revoked the Biden Administration's executive order on AI safety and announced plans for major AI infrastructure investments. Key policy changes: The Trump administration's first actions on AI signal a dramatic shift away from federal oversight of artificial intelligence development. Trump eliminated Biden's October 2023 executive order that required AI companies to share safety test results and address model biases A new joint project called Stargate, involving OpenAI, Softbank and Oracle, aims to invest billions in AI data center infrastructure Oracle's stock rose following news of its involvement in the Stargate project Industry...
read Jan 21, 2025Trump’s plan to make the US an AI superpower means reduced regulations
The Biden administration's balanced approach to artificial intelligence development in the United States is being upended as Donald Trump moves to eliminate regulatory guardrails while pushing for rapid infrastructure expansion. Key policy shift; Trump has rescinded Biden's executive order on AI, removing safety and transparency requirements for developers while preparing to announce a $100 billion AI investment initiative with major tech companies. Trump's immediate actions signal a dramatic shift toward deregulation and accelerated AI development The investment package involves partnerships with SoftBank Group Corp., OpenAI, and Oracle Corp., focusing primarily on physical infrastructure Trump plans to facilitate investment in AI-focused...
read Jan 21, 2025What Trump’s White House return means for the stock market
Trump's return to the White House has triggered several executive actions with significant implications for various market sectors and publicly traded companies. Key policy shifts: Trump's initial executive orders focus on trade, energy, social media, and artificial intelligence regulation, signaling potential market disruptions across multiple industries. A proposed 25% tariff on Mexican and Canadian imports, potentially starting February 1st, creates uncertainty for companies with significant North American trade exposure The "America First Trade Policy" memorandum particularly affects companies like Constellation Brands, which relies heavily on Mexican imports Major retailers including Costco and Home Depot have acknowledged potential tariff impacts but...
read Jan 21, 2025Trump administration dismantles Biden’s AI Executive Order, charting new course for US innovation
The Trump administration repealed President Biden's executive order on artificial intelligence immediately following inauguration, signaling a significant shift in U.S. AI policy direction. Key policy shift: The new administration aims to prioritize American leadership in AI development by dismantling regulatory partnerships and removing certain compliance requirements. Trump's victory message emphasized unleashing American innovation rather than regulatory constraints Key officials including Michael Kratsios, David Sacks, Sriram Krishnan, Marco Rubio, and Russell Vought will shape the new AI policy direction The repeal targets what the administration views as excessive global regulation and censorship International relations and oversight: The administration plans to fundamentally...
read Jan 21, 2025Trump’s science adviser picks signal increased focus on AI, policy direction of 2nd term
Key appointments and structure: Donald Trump has nominated three science advisers ahead of a potential second term, signaling increased attention to science and technology leadership. Michael Kratsios will lead the White House Office of Science and Technology Policy (OSTP) as science adviser, with the influential "assistant to the president" designation allowing direct access to Trump David Sacks has been tapped as "AI and crypto czar" and will chair the President's Council of Advisors on Science and Technology (PCAST) Lynne Parker will serve in a new role supporting both Kratsios and Sacks Strategic significance: The early appointments represent a shift from...
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