Trump highlights partnership investing $500 billion in AI Infrastructure--OpenAI, Oracle, Softbank

[StretfordRed]

This will all go to nothing.

 

[Artificial Intelligence]

Fixed

Nice

 

[MikelArteta]

Create 100,000 jobs to train the ai

 

[Fillerguy]

Musk clashes with OpenAI CEO Sam Altman over Trump-supported Stargate AI data center project

Elon Musk is clashing with OpenAI CEO Sam Altman over the Stargate artificial intelligence infrastructure project touted by President Donald Trump, the latest in a feud between the two billionaires that started on OpenAI’s board and is now testing Musk’s influence with the new president.

apnews.com

President Muskrat dunked on today saying

Trump declared it “a resounding declaration of confidence in America’s potential” under his new administration, with an initial private investment of $100 billion that could reach five times that sum.

But Musk, a close Trump adviser who helped bankroll his campaign and now leads a government cost-cutting initiative, questioned the value of the investment hours later.

“They don’t actually have the money,” Musk wrote on his social media platform X. “SoftBank has well under $10B secured. I have that on good authority.”

Buddy needs to get his vp in line.

 

[LiveFromLondon]

500 billion, from where

 

[AyBrehHam Linkin]

We're gonna have CHina levels of mass surveillance

 

[Dorian Breh]

Didn’t happen last time he was in office, projector.

It literally did though

 

[Blackgate]

500 billion for ai seems inflationary just like that stimmy billionaires got during the pandemic. today i saw a ceo say he doesnt care if the trump tariff shyt is inflationary. they throwing inflation in the bushes. billionaires want more money by any means necessary.

 

[Pressure]

the public should own all the data and rights to any taxpayer funded project.

china might have the only government that understands if they don't own AI and AGI then their government will get overtaken.

Now do TikTok

 

[null]

You hoard profits to redistribute them to shareholders and company leadership.

The profits are still being hoarded instead of being used to retain workers via across the board pay raises and investment in new projects. It's not being used to make products cheaper(think about the fact that despite the games industry smashing sales records, consoles and games are only going UP in price)

Because they can literally be sued for failing to deliver dividends and increased share value, they see workers as a cost that can be cut.

AI can replace an entire department, the money which would have paid that department will be used for stock buybacks to make the company look more profitable than it is.

clearly an economics wizz

 

[bnew]

Now do TikTok

is tiktok a tax payer funded project?

 

[Micky Mikey]

Stargate Project was started last year. This was simply a plublicity stunt so Trump could take credit for it.

 

[The Prince of All Saiyans]

Skynet will soon be active

 

[Seoul Gleou]

 

[Gloxina]

I’m sorry but wtf @ NVIDIA’s price