OpenAI, SoftBank and Oracle announce $500 billion AI infrastructure project in US; Sam Altman says it can cure cancer | Mint

SoftBank Group, OpenAI and Oracle have announced that they are forming a $500 billion joint venture in order to fund artificial intelligence infracture in the United States with a new joint venture dubbed ‘Stargate’. The announcement was made by OpenAI CEO Sam Altman, SoftBank CEO Masayoshi Son and Oracle Chairman Larry Ellison in the prescence of President Trump who called the ‘largest AI infrastructure project in history’.

“We’re starting off with tremendous investment coming into our country at levels that nobody’s really ever seen before,”

Son said new joint venture will deploy $100  billion ‘immediately’ and the goal is to increase it to $500 billion in AI projects like data centres and physical campuses. Meanwhile, companies like Microsoft and Nvidia are also expected to participated in this initiative, Bloomberg reported. 

All 3 leaders praises Trump for his role in formulating the initiative, Altman said, “I think this will be the most important project of this era… We wouldn’t be able to do this without you, Mr. President.”

AI can cure cancer:

“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,” Altman added. 

“One of the most exciting things we’re working on, using the tools that Sam and Masa are providing, is a cancer vaccine.Using AI you can do early cancer detection with a blood test and once we gene sequence that cancer tumor, you can then vaccinate the person, design a vaccine for every individual person to vaccinate them against that cancer. You can make that mRNA vaccine robotically using AI in about 48 hours.” Ellison added on the topic.