President Trump has announced a major AI initiative called "Stargate" -- but the firms involved have DEI policies that go against his goal of eliminating such programs.

Both the Stargate announcement and the revocation of the AI safeguard Biden had put in place sparked widespread criticism from privacy and security experts.

Shares of technology companies rallied amid hopes for an acceleration of the artificial-intelligence boom.

The Stargate joint venture and rejiggered partnership with OpenAI also lets Microsoft offload some AI spending onto rivals. That’s a positive development for a company that has pledged to lavish US$80 billion this fiscal year on capital expenditures and is monetizing those investments at a slower pace than Wall Street would prefer.

On Tuesday afternoon, President Donald Trump held a press conference to announce Stargate, a $500 billion artificial intelligence (AI) infrastructure project in the United States. He called it the "largest AI infrastructure project, by far, in history."

The move has been met with a mixture of cautious optimism from tech leaders and apprehension from experts concerned about the lack of oversight.

Shares in Japanese tech behemoth SoftBank Group soared more than eight percent on Wednesday after US President Donald Trump announced a major investment to build AI infrastructure.

Under the Trump administration, OpenAI and other members of the tech sector are making a push to establish AI dominance in the U.S.

Donald Trump made a symbolic mark on the future of artificial intelligence by repealing Joe Biden’s guardrails

By Sam Nussey and Anton Bridge TOKYO (Reuters) -SoftBank CEO Masayoshi Son's plan to invest billions in AI in the United States shows one way to handle the new Trump administration: go big and deal