The new entity, Stargate, will start building out projects needed for the further development of the fast-evolving AI in Texas, according to the White House.
Joining Trump for the announcement fresh off his inauguration will be Masayoshi Son of SoftBank, Sam Altman of OpenAI and Larry Ellison of Oracle. Son, a billionaire based in Japan, already committed in December to invest $100 billion in U.S. projects over the next four years. The head of SoftBank previously committed to $50 billion in new investments ahead of Trump's first term, which included a large stake in the troubled office-sharing company WeWork.
The participants made particular mention of using AI technology to develop early detection of cancer elements in the bloodstream and then using that information for vaccines against a particular cancer.
Trump says the project will create at least 100-thousand jobs.
