AI executives praise Trump’s Stargate project: ‘This is a very large investment that affects all of humanity’

The three technology CEOs who joined forces on President Donald Trump’s multibillion-dollar artificial intelligence infrastructure project defended the company as an investment that “impacts all of humanity.”

“This is a very large investment that affects all of humanity,” Oracle founder Larry Ellison told Fox News chief political host Bret Baier on “Special report” on Tuesday.

President Trump He unveiled a massive private-sector artificial intelligence infrastructure project on the first full day of his second term on Tuesday.

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During a speech at the White House, Trump announced that Softbank, OpenAI and Oracle have joined forces for a project called Stargate to build data centers in the US to driving AI.

Ellison emphasized that the investment in Stargate could bring a “revolution” in healthcare and other industries.

“It’s really a revolution in medicine. But it’s also a revolution in many other industries. Medicine affects us all,” he said. “Yes, a huge investment is needed, but the result of the investment will be vaccines that prevent cancer, personalized medicine where we never run into a problem like COVID-19 again because we received an early warning. “We know when COVID starts, when there are a handful of patients, rather than having to wait until it becomes an epidemic and is very difficult to control.”

The initial investment for the project will be $100 billion, with plans to expand to $500 billion over the next four years. The first data center built under the initiative will be in Texas and will eventually expand to other states.

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“This means that we can create AI and AGI in the United States of America. It would not have been obvious that this was possible.” Sam Altman, CEO of OpenAI saying. “I think with a different president it might not have been possible. But we’re excited to be able to do this, and I think it’s going to be great for Americans, great for the entire world.”

Altman admitted that AI pioneers must be “responsible” and develop the technology “carefully.”

“I think people are really good and, collectively, they will do incredible things with this technology. The scale of this investment is obviously enormous. And what I think that says about the likely progress of the technology, at least what all of us We believe, it is equally enormous, but I have enormous faith that we will solve it,” he said.

Trump was working to stimulate investment by private companies in the United States before his second term. Last month, Son joined Trump to announce Softbank’s plans for an investment of 100,000 million dollars in the United States aimed at generating 100,000 new jobs.

“For a better humanity of our future, we need big capital to invest in the project. We cannot do it with little money. We have to make a big investment for the good of humanity,” said SoftBank CEO Masayoshi Son. promoting Trump’s strategy. They promise to usher in a golden age in America.

A White House official told FOX Business that after the election, Trump has secured $1 trillion in private investment for the United States in various projects.

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FOX Business’ Breck Dumas contributed to this report.