<h1>US President Unveils $500B AI Initiative 'Stargate' with Oracle, SoftBank, OpenAI; 100K Jobs Expected in Texas.</h1> The US President announced a USD 500 billion AI infrastructure initiative named Stargate, in collaboration with Oracle, SoftBank, and Open AI. This venture aims to construct data centers, starting with ten in Texas, to bolster AI advancements and create over 100,000 jobs. The initiative is seen as a strategic move to maintain technological leadership against global competitors like China. The project involves significant contributions from the partnering companies and is expected to expand rapidly, enhancing sectors such as healthcare through advanced applications. This announcement follows the President's broader economic investment strategy.