January 22, 2025
Investment

Trump announces $500B AI investment – POLITICO


“I’m going to help a lot through emergency declarations, because we have an emergency, we have to get this stuff built,” Trump said. “They have to produce a lot of electricity, and we’ll make it possible for them to get that production done very easily as their own plants, if they want.”

Ellison, Oracle’s chief technology officer, detailed that they would be building 10 data centers in Texas, with plans to expand to 20 data centers in the future.

The tech executives said the joint investments couldn’t have happened without Trump, and highlighted the benefits of AI in health care.

“I believe that as this technology progresses, we will see diseases get cured at an unprecedented rate,” Altman said.





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