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 ‘Stargate’ 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.

“Once we gene sequence that cancer tumor, you can then vaccinate the person —design a vaccine for every individual person that vaccinates them against that cancer. That mRNA vaccine, you can make that robotically, again using AI, in about 48 hours.”

Ellison said that as part of the new project “10 buildings are currently being built, but that will expand to 20.”

Masayoshi Son, CEO of SoftBank of Japan, echoed Trump’s inaugural address remarks from Monday, agreeing that “this is the beginning of the golden age of America.”

“We would not have decided unless you won,” he said. “This will help solving many, many issues — difficult things that otherwise we could not have solved.”

Read More Here