Stargate is expected to involve major players including OpenAI, Softbank and Oracle. It remains unclear exactly how much funding will come from the federal government versus contributions from the private sector.
According to CBS, the Trump administration could allocate $100 billion to the project in its first year. The total investment could reach $500 billion if approved by regulators. The initiative signals a potential shift in priorities, as some had speculated that Trump might downplay the AI and crypto sectors early in his term.
Stargate’s direction contrasts with Trump’s recent push to DOGE as a cost reduction tool. Critics question whether such a large investment in AI aligns with Trump’s tax goals. Despite the skepticism, the announcement sparked excitement in tech circles.
AI-focused companies like OpenAI, valued at $150 billion, may struggle to meet such large investments on their own. Still, industry observers view Stargate as a positive step forward for AI innovation.
If the deal goes through, it could reshape the AI and crypto markets. Early reactions show a shift in investor interest from meme coins to AI-based projects, highlighting the potential impact of this initiative.
