Stargate

(cont'd from yesterday's post)

Excitement in the tech industry over the new administration may be due to a huge wave of investment and development coming for AI (artificial intelligence). The president announced it from the oval office in the company of some tech titans.

AI infrastructure (hardware and software) will require a colossal buildout of data centers . . which will require the energy industry to grow in order to supply the required electricity.  The president appointed David Sacks his new AI and Crypto Czar (photo).

 

OpenAI will take operational responsibilities, collaborating with Oracle and Nvidia. Softbank will take financial responsibilities. Stargate is the new company's name, and here is OpenAI's statement:

"All of us look forward to continuing to build and develop AI—and in particular AGI—for the benefit of all of humanity. We believe that this new step is critical on the path, and will enable creative people to figure out how to use AI to elevate humanity."