President Donald Trump announced on Tuesday night that three leading companies will collaborate on the AI STARGATE PROJECT, riding on gains from the Biden Administration.
Three CEOs from tech giants OpenAI, SoftBank (9984.T), and Oracle (ORCL.N) joined the president on revealing their plan to invest $500 billion in Artificial Intelligence Infrastructure.
In 2020, the National Artificial Intelligence Initiative Act of 2020 established a National Artificial Intelligence Initiative Office (NAIIO) to coordinate AI research and policymaking.
The law also authorized funding for AI research and workforce training.
Goals Develop and use trustworthy AI systems, Prepare the workforce for AI, Ensure public trust in AI applications, Promote AI innovation in government, and Advance AI development and use internationally.