BREAKING: Trump—Flanked By Larry Ellison, Sam Altman, & Masayoshi Son—Announces Project Stargate

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Forbes Breaking News
President Trump, flanked by top tech executives and AI experts, announces a major new AI initiative ...
Video Transcript:
thank you nice to see you some very familiar faces well thank you very much and it's an honor to be here today we have uh first full day as president we're back and we had a great first term but we're going to have an even better second term and I think we're going to do things that people would be shocked at we're U starting off with tremendous investment coming into our country at levels that nobody's really ever seen before and they're very uh happy with the fact that I won the race and that they feel
confident in their Investments and it's big money and high quality people so my first stay back from from uh having a nice life it's my honor to welcome three of the world's leading technology CEOs and in the case of Larry Larry Ellison it's well beyond technolog is sort of uh CEO of everything he's an amazing man an amazing uh business person but to announce the largest AI infrastructure project by far in history and it's all taking place right here in America as you you know there's great competition for AI and other things and uh they're
coming in at the highest level we're joined by Oracle executive chairman Larry Ellison soft Bank CEO my friend Masa Masa Yoshi son and CEO of open Ai and I would say the uh by far the leading expert based on everything I read Sam Alman so that's great that you're coming in together that's a massive group of talent and and money together these World leading technology Giants are announcing the formation of Stargate so put that name down in your books because I think you're going to hear a lot about it in the future a new American
company that will invest $500 billion dollar at least in AI infrastructure in the United States and and very very quickly moving very rapidly creating over 100,000 American jobs almost immediately this Monumental undertaking is a resounding Declaration of confidence in America's potential under a new president let me be a new president I didn't say it they did so I appreciate that fellas but it'll Ure the future of technology what we want to do is we want to keep it in this country China is a competitor and others are competitors we want we want it to be
in this country and we're making it uh available uh I'm going to help uh a lot through emergency declarations because we have an emergency we have to get this stuff built so they have to produce a lot of electricity and we'll make it possible for them to get that production done very easily at their own plants if they want where they'll build uh at the plant the AI plant they'll build uh energy generation and that will be incredible but it's technology and artificial intelligence all made in the USA begin immediately Stargate will be building the
physical and virtual infrastructure to power the next generation of advancements in Ai and this will include the construction of colossal data centers very very massive structures I was in the real estate business these buildings these are big beautiful buildings they're going to employ a lot of people and physical campuses and locations currently being scouted Nationwide they're making their choices of locations I think they have their choice I'd like to ask Larry Sam and Masa to say a few words and just talk about a little bit about what they're doing and uh if you have any
questions and then we'll go into a couple of other subjects also but this is to me a very big thing $500 billion uh Stargate project I think it's going to be something that's very special it'll lead to something something that could be the biggest of all so um Larry maybe we'll start with you and we'll go down the line Thank you thank you Mr President we certainly couldn't do this without you uh would it would simply be impossible uh AI holds incredible promise for all of us for every every American uh we've actually been been
working with open AI for a while and with M masa for a while the data centers are actually under construction as the first of them are under construction in Texas each building's a half a million square feet there are 10 buildings currently you currently being built but that will expand to 20 and other locations be Beyond uh the abalene location which is which is our first location the kind of applications that we're building to give you an idea maybe the most charismatic and the ones that I think touches us all is uh uh electronic health
records not just maintaining electronic health records but by looking at electronic health records understanding the condition of the doctors better understanding the condition of their patients and being able to provide health care plans that are much better than the otherwise would be a doctor in Indian uh River Reservation would be able to see how a doctor at Memorial Sloan ketering would would Tre treat the patient or a a doctor at at Stanford would uh would treat the patient we actually Prov provide all of that information all of that guidance to the doctor the doctors who
are treating cancer patients or or patients with any other kind of disease made possible by AI I'm not going to take a lot of time I'm GNA I'm going to pass it to Masa but this is a very exciting program for Oracle to be a part of thank you thank you that help that's good that's great I feel tall now thank you well Mr President uh last last month I came to um celebrate your winning and promise that uh we will invest $100 billion and you told me oh Masa go for 200 now I came
back with 500 uh because because this is the as you say yesterday uh this is the beginning of Golden Age golden of America this is one great example I think right we wouldn't have decided to do this I think so this is the beginning of golden age we wouldn't have decided unless you won and yesterday we agreed we signed to make this happen because of this day so uh we would uh make this this happen we would immediately start deploying 100 billion doll with a goal of making $500 billion within next four years within your
time right because of your success so we are very very excited to do this and uh um our partner is of course soft Bank open AI Oracle and uh uh additionally investing partner with uh mgx uh on top of that we have the technology partner mvidia and of course Microsoft has been very very supportive to Sam and continue to support uh all our success uh this is not just for business as R said this will help people's life this will help solving many many issues difficult things that otherwise we could not have solved with the
power of AI I think uh uh Asia is coming very very soon and then after that that's not the goal after that artificial super intelligence will come to solve the issues that mankind would never ever have thought that we could solve well this is the beginning of our golden age thank you very much thank you I don't have too much to add uh but I did want to say I'm thrilled we get to do this in the United States of America I think this will be the most important project of this era and as Masa
said for AGI to get built here to create hundreds of thousands of jobs to create a new industry centered here uh we wouldn't be able to do this without you Mr President uh and I'm thrilled that we get to I think it'll be uh an exciting project I think we'll be able to do all of the wonderful things that these guys talked about but the fact that we get to do this in the United States uh is is I think wonderful so thank you very much could you just say one word I I hear so
many positive things about what it's going to do for medical research and for solving things cancer and all the different problems how will AI help us with the fight against the various problems diseases Etc these guys can maybe share more about some of the work they're doing there uh I think they'll jointly be some of the leaders about driving progress here but I I believe that as this technology progresses we will see diseases get cured at an unprecedented rate uh we will be amazed at how quickly we're curing this cancer and that one and heart
disease uh and what this will do for the ability of to deliver very high quality Healthcare the costs but really to cure the diseases um at a rapid rapid rate I think will be among the most important things this technology does very good so we're currently working on should I step on this okay all right no no no I'm not I'm not thatall I'm not that tall I'm not that tall I'm not thank you Mr President uh one of the most exciting things we're working on you again using the tools that that that Sam and
mosa are providing uh is our it's a cancer vaccine it's very interesting early diag it turns out I'll be quick all of our cancers uh cancer tumors little fragments of those tumors float around in your blood so you can do early cancer detection if you can do using a you can do early cancer detection with a blood test uh and using AI to look at the blood test you can find the A C the cancers that are actually seriously threatening the person so we can again cancer cancer diagnosis using AI has the promise of just
being a simple blood test then beyond that once we Gene sequence once we Gene sequence that cancer tumor you can then vaccinate the person design a vaccine for every individual person to vaccinate them against that cancer and you can make that vaccine the that mRNA vaccine you can make that robotically again using AI in about 48 hours so imagine early cancer detection the development of a cancer vaccine for the for your particular cancer aimed at you and have have that vaccine available in 48 hours this is the promise of AI and the promise of the
future thanks thank you sir question yeah just one second we'll finish up but but uh you know these are highly respected guys I was shocked with Larry because I don't even think Larry does this stuff you did a very good job for a guy that doesn't do it much right but he's so respected and the group and it's it's really an honor but uh uh for Larry to be here and do this is very unusual because he doesn't do this stuff he doesn't need it he does and you don't need it do you huh you
don't need it but I I just I think it's an honor to the uh to the country it's a great honor that this group with these are the top people that they uh they're going to do it and they're going to do it here and we're going to make it as easy as it can be a $500 million Stargate project comes in addition to a separate pledge between 100 and20 billion dollars from as we know from Masa that we talked about before also 20 billion from deac which was great and we have many others that
are coming some I just say just announced that it's e easier but with some I know them and and they're so highly respected I'd rather do it this way many would like to do it this way but we're letting the world know what's happening uh this is money that normally would have gone to China or other countries but in particular China in total before the end of my first full business day in Washington and uh the White House we've already secured nearly uh3 trillion dollar of new investments in the United States and probably that's going
to be six or seven and by the end of the week tremendous amounts of money are coming in for uh for many things other than even ai ai seems to be very hot it seems to be the thing that a lot of smart people are looking at very strongly and our country will be prospering like never before I think that
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