On Tuesday afternoon, President Donald Trump held a press conference to announce Stargate, a $500 billion artificial intelligence (AI) infrastructure project in the United States. He called it the "largest AI infrastructure project, by far, in history."

By Alessandro Parodi, Dominique Patton and Zaheer Kachwala MILAN/PARIS (Reuters) -Global industrial and technology stocks including Oracle and Schneider Electric rallied on Wednesday after U.S. President Donald Trump unveiled a massive artificial intelligence investment push.

Nvidia stock was rising alongside rival chip makers on the first trading day of Trump’s second presidency. In his first hours back in the Oval Office, the president revoked an order on artificial intelligence signed by his predecessor Joe Biden,

President Trump announced a major AI infrastructure investment of “at least $500 billion,” signaling a willingness to work alongside large tech companies.

Under the Trump administration, OpenAI and other members of the tech sector are making a push to establish AI dominance in the U.S.

TECH titan Elon Musk cast doubt on Wednesday on a US$500 billion AI project announced by US President Donald Trump, saying the money promised for the investment actually wasn’t there. Read more at The Business Times.