Business | A bad day for doomers

A $500bn investment plan says a lot about Trump’s AI priorities

It’s build, baby, build

Sam Altman, chief executive of OpenAI, Masayoshi Son, SoftBank Group CEO, and Larry Ellison, chairman of Oracle Corporation and chief technology officer, listen as President Donald trump speaks during a press conference at the White House.
Central artificial intelligence agencyPhotograph: Haiyun Jiang/New York Times/Redux/eyevine
|SAN FRANCISCO

When President Donald Trump announced a half-trillion-dollar of private-sector investment in American artificial-intelligence (AI) infrastructure on January 21st, his second day in office, he basked in the accolades of the three men backing the “Stargate” project: OpenAI’s Sam Altman, Son Masayoshi, a Japanese tech mogul, and Larry Ellison of Oracle, an IT firm. He called it the largest AI investment in history. Then came the kicker. “This is money that normally would have gone to China.”

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This article appeared in the Business section of the print edition under the headline “Build, baby, build ”

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