Tech leaders pledge up to $500 billion in AI investment in U.S.

Author

Noel Moldvai
January 23, 2025

TL;DR. To think 2024 was a crazy year for AI… we get…wait for it… STARGATE. 1000% Sam’s idea to name it that. 2025 is going to be a rocket ship of a year for AI with the added support of the new government. Let’s just hope that $500 billion is legit, Elon doesn’t think so!

Tech leaders pledge up to $500 billion in AI investment in U.S.

Tech leaders, led by OpenAI and SoftBank, pledged up to $500 billion to build AI infrastructure in the U.S., starting with a Texas data center. The Stargate venture involves Oracle, UAE-backed MGX, and Microsoft as partners. Announced under the Trump administration, the plan highlights AI's role in shaping the U.S. economy.

Musk clashes with OpenAI CEO Sam Altman over Trump-supported Stargate AI data center project

Elon Musk clashed with OpenAI CEO Sam Altman over the $500 billion Stargate AI project supported by President Trump. The initiative, led by OpenAI, SoftBank, and Oracle, aims to build data centers in Texas. Musk criticized the funding, sparking public disputes rooted in longstanding tensions between the two tech leaders.

Perplexity AI makes a bid to merge with TikTok U.S.

Perplexity AI has submitted a merger bid for TikTok U.S., proposing a new entity combining both companies and new investors. The deal would let ByteDance’s existing investors retain stakes while valuing TikTok at over $50 billion. The potential merger aligns with Perplexity's rapid growth amid the AI boom, pending U.S. regulatory approvals.

Google agrees to new $1 billion investment in Anthropic

Google has invested over $1 billion in AI startup Anthropic, adding to its prior $2 billion commitment and 10% ownership. Anthropic, valued at $60 billion, saw annualized revenue reach $1 billion, driven by enterprise sales. Known for its Claude chatbot, Anthropic competes in the booming generative AI market alongside Amazon, Microsoft, and Meta.

Quick Takes

Cheerio! Until next week.
-Noel