ER Editor: Trump gave a press conference late yesterday with 3 big CEO’s present to explain the new Stargate AI project, Larry Ellison, Sam Altman of ChatGPT and Masayoshi Son of SoftBank. Dubbed “the largest AI infrastructure project in history,” it will install data centers and infrastructure across the US, and is being billed as a jobs creator. Beyond that, not much more is known.
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The picture, however, is far more complicated than the surface suggests. When is it not with Trump?
In addition to announcing the new initiative, Trump is showcasing some very bad actors. (The recent inauguration was described by one knowledgeable insider as a ‘perp walk’. It was indeed.) This segment of Trump’s press conference accomplishes a similar function. Expose and disclose. For those who aren’t aware of this aspect, this Stargate announcement is likely to get Trump some predictable criticism, especially when Larry Ellison opens his mouth. (For immediate criticism, see this — Leo Hohmann: Trump Throws His Weight Behind New Generation of mRNA Gene-Therapy Injections, for Cancer and Other Diseases)
LARRY ELLISON, CEO OF ORACLE, AT TRUMP’S STARGATE INVESTMENT PRESS CONFERENCE. THE SAME LARRY WHO OWNS THE HYATT LAKE TAHOE. THEY JUST ANNOUNCED LAKESHORE ACCESS IS SHUTDOWN TILL 2027. TUNNELS AND CHILDREN UNDER LAKE TAHOE. ORACLE’S CAMPUS WAS OWN AS OZ. TRUMP SPOTLIGHT!!! pic.twitter.com/YmVZcChk0T
— Jack Straw (@JackStr42679640) January 22, 2025
Billionaire Ellison turning Hawaii’s Lanai into “playground for the rich”
What kind of hunting went on there?
On Larry Ellison’s island Lanai, a surprise tourist activity: Hunting
From The Sacred Blue Tent Telegram channel for January 21, 2025 (there’s much more there) —
On Sam Altman from The Daily Mail earlier this month —
Sam Altman breaks silence as estranged sister accuses him and family members of sexual abuse in shock lawsuit
On SoftBank —
If any of these individuals or companies have fallen foul of longstanding Executive Order 13818 against global corruption and crimes against humanity, these people at the podium will be mask-wearers we guarantee.
For those who wish to go further:
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TRUMP PRESS CONFERENCE
Go to 1 hour 53 minutes for the press conference. Larry Ellison, followed by the other CEO’s, takes the mic at 1:57:38 We’re going to hear what are by now hideous phrases like ‘mRNA’ and ‘cancer vaccines‘. Their segment finishes at 2 hours, 7 minutes. As discerning readers, we have to sort out the comms from the nuggets. Trump is moving forward into an AI venture – that is what we’re paying attention to going forward, and what that really means. Some of what this means on a positive note can be found in these few minutes of the press conference (1h53 – 2h07) but some will seem grim, that Trump ‘doesn’t get it’. He, and the military behind him, truly do. Far beyond our imaginings.
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See also this by The Guardian —
Trump unveils $500bn joint AI venture between OpenAI, Oracle and SoftBank
Donald Trump has unveiled what he called “the largest AI infrastructure project in history” – a $500bn joint venture between OpenAI, Oracle and SoftBank that aims to build a network of data centres across the US.
The new partnership, dubbed Stargate, aims to construct essential data centers and computing infrastructure needed to power artificial intelligence development and, according to Trump, create over 100,000 American jobs “almost immediately”.
The launch marks one of Trump’s first major business initiatives since returning to office and comes as the US looks for new ways to maintain an edge against China in AI capabilities.
“China is a competitor and others are competitors. We want it to be in this country,” Trump said during the White House announcement, flanked by Oracle’s Larry Ellison, SoftBank’s Masayoshi Son and OpenAI’s Sam Altman.
The president indicated he would use emergency declarations to expedite the project’s development, particularly regarding energy infrastructure.
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Trump Will Unveil ‘Stargate’ AI Initiative With OpenAI, SoftBank, & Oracle, Targeting $500 Billion Investment
Shares of US-based technology company Oracle surged as much as 6.5% in late-afternoon trading following a CBS News report indicating that President Donald Trump plans to announce billions of dollars in private sector investment to expand America’s artificial intelligence infrastructure.
Sources say OpenAI, Softbank, and Oracle will be part of the joint venture called “Stargate.” The heads of the tech firms plan to invest $100 billion, then up to $500 billion over four years, in building AI infrastructure across the US.
SoftBank CEO Masayoshi Son, Sam Altman of OpenAI, and Larry Ellison of Oracle will be in the White House on Tuesday afternoon. There were no further details about the Stargate JV, except with the understanding that more information will be unveiled later.
According to sources, Stargate will begin with a massive data center in Texas, with additional AI projects planned across other states. Other investors are expected to join the venture.
News of Stargate sent Oracle shares up 6.5% in late afternoon trading.
About a year ago, The Information reported that Microsoft and OpenAI were planning to invest $100 billion in data centers known as Stargate. The report also highlighted how OpenAI sourced cloud infrastructure from Oracle. It’s unclear if this effort was tied to the current Stargate JV.
Also, it remains unclear if Masayoshi Son’s plan for SoftBank Group to invest $100 billion in projects in the US over the next four years is part of the effort.
Trump stated last month after a meeting with Son that investments in building AI infrastructure would create 100,000 jobs.
Donald Trump negotiates on Live TV with the CEO of SoftBank Japan, Masayoshi Son — and just like that, $100 Billion will be injected into the US Economy and Create 100k New Jobs
Trump goes even further by twisting his arm in front of cameras for $200 billion.. and Masayoshi… pic.twitter.com/PjGUXTUqVD
— MJTruthUltra (@MJTruthUltra) December 16, 2024
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