Three major business leaders — SoftBank Group CEO Masayoshi Son, OpenAI CEO Sam Altman and Oracle Corp. Chairman Larry Ellison — joined President Donald Trump on Tuesday afternoon at the White House to announce the creation of a new company called Stargate.

Texas-based Stargate would invest up to $500 billion over the next four years in AI infrastructure. The initial investment is expected to be $100 billion and could reach five times that sum, according to The Associated Press.

Son, a billionaire based in Japan, had already pledged in December to invest $100 billion in U.S. projects over the next four years. The head of SoftBank had previously committed to $50 billion in new investments before Trump’s first term, which included a substantial stake in the troubled office-sharing company WeWork.

While Trump has highlighted such announcements to demonstrate that his presidency is boosting the economy, there were already high expectations for a significant expansion of data centers and power plants essential for AI development. AI has the potential to enhance productivity by automating tasks but also poses the risk of job displacement if not implemented carefully.

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Morning Intelligence Report

MG Paul E Vallely, US Army (Ret)

By
George Mcclellan

Guest Editorial:

January 11, 2025

The rapid collapse of the Democrat Party upon their 05 Nov. 2024 election disaster not only crushed the party of national disunity but also erased any illusion that they were even remotely capable of leading this great nation into prosperity. That’s not their agenda! In the wake of their sinking schemes, swirls the flotsam and jetsam of failure. Their failure to safeguard and protect Americans in the wake of destructive hurricanes and fires that have destroyed vast areas of American landscapes, their failure to protect Donald Trump from assassination attempts, and the failure to stop terrorists on American streets was a purposeful failure of responsibility to do what’s right by the Constitution and the rule of law to implant a Socialist agenda!

Devastation by natural causes, like storms and fire, cannot always be blamed on God. But what we have witnessed is the purposeful failure of preparation. Why? Because taxpayer funds appropriated by Congress for the purpose were reconfigured by bureaucrats to financially support illegal invaders, including vicious criminals, support DEI and other “woke” programs of affirmative action, all unconstitutional while draining the taxpayer’s coffers. DEI schemes are specific Progressive plans to lower the standards of all federal, state, and local governments, including the FBI, as we saw in the New Orleans terrorist attack and in the LAFD chief’s response to their failures to provide needed firefighting. Did I fail to include the leader of the LA Water Department, who drained all the fire hydrants in Pacific Palisades? She’s one! These people need to be tried and punished!

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Bernard Hudson tells Tucker:

“If I was still in government, and two events happened on the same day, or within 24 hours of each other, that has sometimes been the hallmark of an organized terror attack… It’s worthwhile to at least look into it.”