"Trump to announce up to $500 billion in private sector AI infrastructure investment"

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President Trump is set to announce billions of dollars in private sector investment to build artificial intelligence infrastructure in the United States, CBS News has learned. OpenAI, Softbank and Oracle are planning a joint venture called Stargate, according to multiple people familiar with the deal.
SoftBank CEO Masayoshi Son is expected at the White House Tuesday afternoon, along with Sam Altman of OpenAI and Larry Ellison of Oracle.

Executives from the companies are expected to say they plan to commit $100 billion initially and pour up to $500 billion into Stargate over the next four years. Other details of the new partnership were not immediately available. Spokespeople for SoftBank and OpenAI declined to comment. Stargate will start with a data center project in Texas, sources said, and eventually expand to other states. Other investors are expected to join the venture, but it was not immediately clear which ones.
https://www.cbsnews.com/news/trump-anno ... nvestment/
"Everyone is entitled to their own opinion, but not their own facts." - Daniel Patrick Moynihan

Re: "Trump to announce up to $500 billion in private sector AI infrastructure investment"

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Google, Facebook, Instagram, X....they all collect personal data so they can market to their members and they sell that data and make their billions. Who knows who they're selling that personal information to, we know that the federal government buys it. Reminds me of the saying about the Chicago slaughter houses,
"it's said that the Chicago slaughter houses were so efficient that the only thing not used was the cattles breath"
. Nothing is free in this world.
Last edited by highdesert on Wed Jan 22, 2025 11:21 am, edited 1 time in total.
"Everyone is entitled to their own opinion, but not their own facts." - Daniel Patrick Moynihan

Re: "Trump to announce up to $500 billion in private sector AI infrastructure investment"

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Refrigerated train cars made it possible to ship meat nationwide. Five companies dominated: Armour & Co., Swift & Co., Hammond & Co., Wilson & Co., and Morris & Co..
Eventually, meatpacking byproduct manufacturing of leather, soap, fertilizer, glue (such as the large glue factory located at 44th Street and Loomis Street[36]), pharmaceuticals, imitation ivory, gelatin, shoe polish, buttons, perfume, and violin strings prospered in the neighborhood. Additionally, there was a "Hair Factory", located at 44th Street and Ashland Avenue, which processed hair from butchered animals into saleable items.
https://en.wikipedia.org/wiki/Union_Stock_Yards
"Everyone is entitled to their own opinion, but not their own facts." - Daniel Patrick Moynihan

Re: "Trump to announce up to $500 billion in private sector AI infrastructure investment"

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Meanwhile,
Meta says that people have been automatically left following Donald Trump’s account – and admitted that some of them are unable to stop.

It suggested that technical problems meant that some people were currently unable to stop following Mr Trump’s official presidential account. But it made clear that users had not been automatically made to follow those accounts in the first place, as has been suggested.

Since Donald Trump became president, he also gained control of the official @Potus and @VP accounts on Instagram and Facebook. That led to complaints from users that they were following Mr Trump or his vice president JD Vance, despite not having asked to, since they were following those accounts when they were fronted by other politicians.
https://www.the-independent.com/tech/in ... reddit.com

Once you pop, you cannot stop.

In the end, humanity will love AI...

CDF
Crazy cat peekin' through a lace bandana
like a one-eyed Cheshire, like a diamond-eye Jack

Re: "Trump to announce up to $500 billion in private sector AI infrastructure investment"

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Saudi Arabia’s crown prince said Thursday the kingdom wants to invest $600 billion in the United States over the next four years, comments that came after President Donald Trump earlier put a price tag on returning to the kingdom as his first foreign trip. Trump’s 2017 trip to Saudi Arabia upended a tradition of U.S. presidents first heading to the United Kingdom as their first trip abroad. It also underscored his administration’s close ties to the rulers of the oil-rich Gulf states as his eponymous real estate company has pursued deals across the region as well. The comments from Crown Prince Mohammed bin Salman, reported early Thursday by the state-run Saudi Press Agency, came in a phone call with Trump. It marked Trump’s first call with a foreign leader since his inauguration Monday.

“The crown prince affirmed the kingdom’s intention to broaden its investments and trade with the United States over the next four years, in the amount of $600 billion, and potentially beyond that,” the report said. The readout did not elaborate on where those investments and trade could be placed. The U.S. in recent years has increasingly pulled away from relying on Saudi oil exports, which once was the bedrock of their relationship for decades. Saudi sovereign wealth funds have taken large stakes in American businesses while also looking at sports as well. On Monday after his inauguration, Trump talked about possibly heading to the kingdom again as his first foreign trip, as he did in 2017. “The first foreign trip typically has been with the U.K. but ... I did it with Saudi Arabia last time because they agreed to buy $450 billion worth of our products,” Trump told journalists in the Oval Office. “If Saudi Arabia wanted to buy another $450 billion or $500 — we’ll up it for all the inflation — I think I’d probably go.”

On a potential trip to Saudi Arabia, White House press secretary Karoline Leavitt told journalists Thursday: “I’m not aware of any plans at this time.” Trump’s 2017 visit to the kingdom set in motion a yearslong boycott of Qatar by four Arab nations, including the kingdom. Trump maintained close relations with Saudi Arabia, even after Prince Mohammed was implicated in the 2018 killing and dismemberment of Washington Post columnist Jamal Khashoggi in Istanbul. The kingdom also had been talking for years with the Biden administration about a wider deal to diplomatically recognize Israel in exchange for U.S. defense protections and other support. The $600 billion pledge, which dwarves the gross domestic product of many nations, also comes as the kingdom faces budgetary pressures of its own. Global oil prices remain depressed years after the height of the coronavirus pandemic, affecting the kingdom’s revenues.
https://apnews.com/article/saudi-arabia ... 8f95700cbb

We'll see if all this money that's now being pledged, actually materializes.
"Everyone is entitled to their own opinion, but not their own facts." - Daniel Patrick Moynihan

Re: "Trump to announce up to $500 billion in private sector AI infrastructure investment"

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How much of that money from Saudi Arabia will wind up in TOS's pocket or Donnie Jr. pocket? Expect this since Donnie Jr. has a two Billion Dollar deal with the House of Saud. In the middle east the Pay to Play custom is as old as time itself.
Facts do not cease to exist because they are ignored.-Huxley
"We can have democracy in this country, or we can have great wealth concentrated in the hands of a few, but we can't have both." ~ Louis Brandeis,

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