The newly announced $500 billion Stargate Project should help address industry demands for more compute power needed for rapidly evolving AI workloads and the desire to keep the United States at the forefront of a highly competitive global AI market that includes China as its chief rival and pushes by the European Union (EU) and the UK to be significant players.
Announced at a White House event on President Trump’s second day of his return to office, the initiative creates a new company tasked with building new AI infrastructure for…