Present alongside President Trump:
- Sam Altman (who President Trump introduces as "by far the leading expert" on AI)
- Larry Ellison (Oracle executive chairman and CTO)
- Masayoshi Son (Softbank CEO who believes he was born to realize ASI)
President Trump: What we want to do is we want to keep [AI datacenters] in this country. China is a competitor and others are competitors.
President Trump: I'm going to help 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 at the plant, the AI plant they'll build energy generation and that will be incredible.
President Trump: Beginning 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
Larry Ellison: The first of them are under construction in Texas. Each building is a half a million square feet. There are 10 buildings currently, currently being built, but that will expand to 20 and other locations beyond the Abilene location, which is, which is our first location.
Masayoshi Son: Mr. President, uh, last, last month I came to celebrate your winning and promised that we will invest $100 billion and you told me, oh Masa, go for $200. Now I came back with 500.
Masayoshi Son: I think AGI is coming very, very soon, and after that, that's not the goal. After that, artificial superintelligence 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.
Sam Altman: I don't have too much to add, but I do 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 said, for AGI to get built here to create hundreds of thousands of jobs, to create a new industry centered here.
In response to the only on-topic question, the President replied:
President Trump: I'd like to see federal lands opened up for data centers. I think they're going to be very important again, we have a lot of competition for that
As far as I understand what Satya, was saying that 80 billion is what Microsoft wants to invest per year into Azure infrastructure.
That does not seem to be a part of the money that goes to Stargate.