Breaking news

Trump Announces $500 Billion Private-Sector Investment In AI Infrastructure

U.S. President Donald Trump unveiled a landmark private-sector investment plan on Tuesday, promising up to $500 billion in funding to support artificial intelligence infrastructure. This ambitious initiative aims to position the United States ahead of its global competitors in this vital technological sector.

Trump revealed that a joint venture called Stargate, involving OpenAI (creator of ChatGPT), SoftBank, and Oracle, will spearhead the effort. The project will build cutting-edge data centers and generate over 100,000 jobs in the U.S. The companies involved, along with other equity partners, have already committed $100 billion for immediate deployment, with the remaining funds to be invested over the next four years.

Key Highlights:

  • Joint Venture: OpenAI, SoftBank, and Oracle are collaborating on Stargate, aiming to revolutionize AI infrastructure.
  • Immediate Investment: $100 billion has been allocated for the first phase, with the full $500 billion to be invested over the next four years.
  • Job Creation: The project is expected to generate more than 100,000 jobs in the U.S.
  • Construction Begins: The first data centers are already being built in Texas, with plans for 20 centers, each spanning half a million square feet.

Executives Backing The Plan

The announcement was made at the White House, with key industry leaders such as SoftBank CEO Masayoshi Son, OpenAI CEO Sam Altman, and Oracle Chairman Larry Ellison joining Trump. Ellison emphasized that the data centers will be pivotal in powering AI applications, including those for analyzing electronic health records to aid healthcare professionals.

Ellison also credited Trump for making the project a reality, stating, “We wouldn’t have decided to do this unless you won.” Altman echoed this sentiment, noting that the development of artificial general intelligence (AGI) would not have been possible without Trump’s leadership.

While it was unclear if this announcement was an update to a previously reported initiative, the scale and impact of the project make it a significant milestone in the U.S.’s AI development strategy. The venture is set to play a crucial role in advancing the country’s leadership in AI technologies.

FinTech’s Dominance In MENA: Three Strategic Drivers Behind Unyielding VC Success

Despite facing tightening global liquidity and macroeconomic headwinds, the FinTech sector continues to assert its leadership in the MENA region. In the first half of 2025, FinTech emerged as the most resilient and appealing arena for venture capital investments, proving its worth as a catalyst for financial innovation and inclusion.

Addressing Structural Financial Gaps

In many parts of MENA, a significant proportion of the population remains underbanked and underserved by traditional financial institutions. FinTech companies are uniquely positioned to address these persistent challenges by bridging critical access gaps and driving financial inclusion. With the proliferation of payment apps, digital wallets, and micro-lending platforms, investors have witnessed firsthand how these solutions pave the way for scalable growth and eventual exits. Early-stage momentum in the region is underscored by a doubling of pre-seed deals year-over-year, reinforcing the sector’s capacity for rapid innovation and sustainable expansion.

Highly Scalable and Replicable Business Models

One of the key factors behind FinTech’s dominance is the inherent scalability of its business models. Once the necessary infrastructure and regulatory approvals are in place, these models have demonstrated robust performance across borders. The first half of 2025 saw a marked acceleration in deal activity, with payment solutions leading the charge with 28 deals in MENA—a significant increase over the previous year. Lending platforms, in particular, experienced a meteoric 500% year-over-year increase in funding, emerging as the fastest-growing subindustry. Such replicability makes FinTech an attractive proposition for investors seeking high-growth opportunities in diverse markets.

Supportive Regulatory And Government Backing

The strategic support offered by key government initiatives in the UAE and Saudi Arabia has been instrumental in propelling the FinTech sector forward. Progressive frameworks, such as the UAE’s open finance and digital asset directives, coupled with Saudi Arabia’s live-testing sandboxes, have materially lowered entry barriers for startups. These measures not only foster innovation but also streamline the path to commercialization. Consequently, the combined efforts of these regulatory bodies have enabled the UAE and Saudi Arabia to account for 86% of MENA’s total FinTech funding in H1 2025.

The resilience of FinTech in MENA is not merely a reflection of contemporary market trends—it signals a fundamental shift in the region’s economic fabric. With an unwavering commitment to addressing real financial challenges, scalable and replicable business practices, and robust regulatory support, FinTech is setting the benchmark for sustainable innovation. As capital markets become increasingly discerning, this sector stands out as a beacon of long-term growth and transformative impact.

The Future Forbes Realty Global Properties

Become a Speaker

Become a Speaker

Become a Partner

Subscribe for our weekly newsletter