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The Stargate Project: Unveiling the $500 Billion AI Agenda

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Video by: Matt Wolfe
Discover the Stargate Project initiated by Donald Trump, investing $500 billion to develop new AI infrastructure for open AI. Get insights and learn about potential concerns surrounding this ambitious project.
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0:00
so Donald Trump just announced the
0:02
Stargate project and open aai went to X
0:05
to sort of give us more details about
0:08
what this Stargate project is and to be
0:10
honest I have really really mixed
0:12
feelings about it and I'll explain why
0:15
because there's one specific thing that
0:17
I haven't seen anybody else talking
0:18
about that is a little bit concerning to
0:20
me but I'll get to that in just a moment
0:22
first let's take a quick look at what
0:23
this project Stargate is so this is a
0:25
new company which intends to invest $500
0:28
billion over the next 4 years to build
0:31
new AI infrastructure for open AI in the
0:33
United States this is already kind of
0:35
surprising to me because obviously Elon
0:37
Musk is kind of like one of Trump's
0:40
right-hand men now and he's got xai but
0:43
this is actually a project that this
0:46
money is going towards open AI we will
0:48
begin deploying $100 billion immediately
0:52
this infrastructure will secure American
0:53
leadership and AI create hundreds of
0:55
thousands of American jobs and generate
0:58
massive economic benefit for the entire
1:00
en World personally I think the entire
1:02
world portion of this is maybe a little
1:05
debatable there's definitely certain
1:06
countries the US is trying to prevent
1:09
from getting Advanced AI technology but
1:11
we'll move on past that for a moment so
1:13
the initial equity funders in Stargate
1:15
are soft bank which is CEO by this guy
1:18
right here masay Yoshi son open AI which
1:21
is obviously Sam Alman Oracle and mgx
1:24
and Oracle is Larry Ellison here and
1:26
he's one of the key figures that sort of
1:29
makes me a little worried about this but
1:31
again I'll get to that in just a moment
1:32
SoftBank and open AI are the lead
1:34
partners for Stargate with SoftBank
1:36
having financial responsibility and open
1:38
AI having operational responsibility
1:40
masayoshi son will be the chairman So
1:43
Soft bank's putting all the money in
1:45
open AI is basically building the
1:47
technology arm Microsoft Nvidia Oracle
1:49
and open AI are the key initial
1:52
technology Partners so arm basically it
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