President Trump unveiled a $500 billion artificial intelligence infrastructure project Tuesday at the White House alongside reps from three tech and investment giants — with those business leaders asserting the initiative could cure cancer.
OpenAI, SoftBank and Oracle launched the project, called Stargate, to unleash the new technology with the help of large data centers based in Texas.
“These world-leading technology giants are announcing the formation of Stargate,” Trump said. “So put that name down in your books, because I think you’re going to hear a lot about it in the future — a new American company that will invest $500 billion at least in AI infrastructure in the United States.”
OpenAI CEO Sam Altman told Trump “we wouldn’t be able to do this without you, Mr. President” and added that the initiative could “create hundreds of thousands of jobs” in America.
“We will see diseases get cured at an unprecedented rate. We will be amazed at how quickly we’re curing this cancer and that one — and heart disease,” added Altman, repeating that AI would “cure the diseases at a rapid, rapid rate.”
Oracle CEO Larry Ellison also expounded on the health benefits of the project.
“Little fragments of those [cancer] tumors float around in your blood. So you can do early cancer detection. If you can do it using AI, you can do early cancer detection with a blood test and using AI to look at the blood test,” Ellison said.