The three tech CEOs who joined forces on President Donald Trump's multi-billion-dollar AI infrastructure project defended the project as an investment that “impacts all of humanity.”
“This is a very large investment that impacts all of humanity,” Oracle founder Larry Ellison told Fox News chief political anchor Bret Baier. “Special Report” Tuesday.
President Trump He unveiled a massive private-sector AI infrastructure project on his first full day of his second term in office on Tuesday.
During a speech at the White House, Trump announced that Softbank, OpenAI, and Oracle have joined forces in a project called Stargate to build data centers in the United States to… Run artificial intelligence.
Ellison stressed that Stargate's investment could “revolutionize” healthcare and other industries.
“It is truly a revolution in medicine,” he said. “But it is a revolution in many other industries as well. Medicine touches us all.” “Yes, it requires a huge investment, but the result of the investment will be vaccines that prevent cancer, and personalized medicine We have never faced a problem like Covid-19 before because we had early warning. “We know when coronavirus starts, when there are few patients, rather than having to wait until it becomes an epidemic and becomes difficult to control.”
The project's initial investment will be $100 billion, with plans to expand to $500 billion over the next four years. The first data center established under this initiative will be in Texas, and it is scheduled to eventually expand to other states.
A look at President Trump's first full day in the White House
“This means that we can create artificial intelligence and artificial general intelligence in the USA. It was not clear that this was possible.” OpenAI CEO Sam Altman He said. He added, “I think it might not have been possible under a different president. But we are very happy to do this, and I think it would be a great thing for the Americans, and great for the whole world.”
Altman acknowledged that AI pioneers must be “responsible” and develop the technology “carefully.”
“I think people are really good and will, in general, do amazing things with this technology. Obviously the scale of this investment is huge. And what I think this says about the potential progress of the technology, at least what we all think is that it's huge in return, but I have “I have great faith that we will find out.”
Trump had been working to drum up private business investment in the United States before his second term. Last month, Son joined Trump in the announcement Softbank plans To invest $100 billion in America with the aim of creating 100,000 new jobs.
“For a better human future, we need big capital to invest in the project. We can't do it with small money. We have to make a big investment for the good of humanity,” SoftBank CEO Masayoshi Son said, promoting Trump's plan. He pledged to usher in a golden age in America.
A White House official told FOX Business that after the election, Trump has now secured $1 trillion in private investment for the United States in various projects.
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FOX Business' Breck Dumas contributed to this report.
