Donald Trump Unveils $500 Billion Stargate Project For AI Infrastructure, Boosting AI Cryptos

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President Donald Trump unveiled the $500 billion Stargate Project for AI infrastructure in the US, sending AI cryptos surging.

The project aims to invest $100 billion immediately and up to $500 billion over four years, and has as its equity investors SoftBank, OpenAI, Oracle, and MGX, according to an official statement.

SoftBank and OpenAI lead the partnership, while SoftBank handles financial responsibilities and OpenAI oversees operations, it said.

“China is a competitor, others are competitors, ” Trump said. “We want it to be in this country, and we’re making it available.”

“This project will not only support the re-industrialization of the United States but also provide a strategic capability to protect the national security of America and its allies,” OpenAI said in a statement.

“The fact that we get to do this in the United States, I think is wonderful,” said OpenAI CEO Sam Altman.

Announcing The Stargate Project

The Stargate Project is a new company which intends to invest $500 billion over the next four years building new AI infrastructure for OpenAI in the United States. We will begin deploying $100 billion immediately. This infrastructure will secure…

— OpenAI (@OpenAI) January 21, 2025

Altman, SoftBank CEO Masayoshi Son, and Oracle Chairman Larry Ellison said they’d begin deploying $100 billion initially to start work on the Stargate project. The project will ”secure American leadership in AI” and “create hundreds of thousands of American jobs,” OpenAI said in a post on X.

Trump also announced that he’s canceling an executive order signed by former President Biden that was designed to regulate the risks of AI for consumers and national security.

Stargate Price Soars, AI Cryptos Set To Benefit

After Trump announced the Stargate project, a Stargate token that was seemingly launched on Solana to capitalize on the hype around the project has exploded by 2,765% in the past 24 hours.

AI Cryptos soared 7.8% in the past 24 hours, while the AI Agent crypto sector skyrocketed 13.3%, according to CoinGecko. AI Rig Complex led gains among the biggest AI agent cryptos with a 50% pump, while aixt by Virtuals surged 40% and ai16z 35%.

Other AI Cryptos Also Benefit

Other AI cryptos are benefitting, too, with funds pumped into the new AI agent presale MIND of Pepe (MIND) surging past $3 million today. MIND, which has gone parabolic since launching a little over one week ago, combines the power of AI technology with the popularity of the meme coin titan Pepe.

One of MIND’s most important features is its ability to catch new trends in the Web3 space on social media, especially “Crypto Twitter.” It provides its intelligence and market insights to its token holders.

Newest Meme Coin ICO - Wall Street Pepe

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