Best stocks to play Trump’s AI project Stargate, according to analysts
Here are some of the stocks Wall Street thinks will win under the Stargate joint venture.
Here are some of the stocks Wall Street thinks will win under the Stargate joint venture.
Shortly after President Donald Trump announced a new massive AI infrastructure investment from the White House, “First Buddy” Elon Musk tried to tear it down.
It’s a company’s worst nightmare. Critical systems or customer data are suddenly inaccessible, held hostage by ransomware demanding cryptocurrency payments to unlock the paralyzed infrastructure, Business Report writes in its latest cover package. Seems unlikely? Think again, cybersecurity experts say. Profit-driven cybercriminals as well as nation-state adversaries increasingly possess the capability to shut down supply…
Stargate is supposed to spend $500 billion on AI infrastructure, President Trump said. But Elon Musk suggested that the venture has much less cash.
Musk slammed a Trump-backed $500 billion AI joint venture building out OpenAI’s artificial general intelligence.
Mr. Trump had claimed the A.I. announcement as an early trophy, taking credit for the companies’ decision to spend up to $500 billion building data centers.
The investment decision by some of the world’s most prominent tech firms coincides with Trump’s rescinding Biden’s order addressing AI’s potential risks. Though some have cheered Trump’s decision, others are concerned.
As expected, President Donald Trump repealed his predecessor Joe Biden’s 2023 artificial intelligence (AI) regulations on his first day in office. The
Tesla boss in rare break with Donald Trump over AI initiative, saying ‘they don’t actually have the money’
Anthropic Chief Executive Officer Dario Amodei expressed skepticism about the financing for rival OpenAI’s $500 billion infrastructure venture and called the planned project “a bit chaotic.”