Trump announced a large-scale $500 billion project for the development of artificial intelligence.

US President Donald Trump announced the launch of the Stargate project involving companies OpenAI, Oracle, and Softbank bank. This project involves investments totaling $500 billion for the development of artificial intelligence technologies in the USA.

'In the future, a new American company that will invest at least $500 billion in artificial intelligence infrastructure in the USA will progress very, very quickly and create over 100,000 American jobs almost immediately,' he said at a press conference at the White House, according to Ukrinform.

The company will be based in Texas. During the first year, initial investments of $100 billion are planned, and over the next four years, this amount will grow to half a trillion.

The specified amount will be used to expand data processing centers and build power plants that will ensure the operation of artificial intelligence.

However, the situation with the regulation of artificial intelligence remains uncertain. Recently, Trump canceled Biden's 2023 decree that restricted the development process of AI.