President Donald Trump announced the 'Stargate' initiative, a $500 billion investment in Artificial Intelligence, reversing Joe Biden's previous AI executive order. The project, backed by CEOs from OpenAI, SoftBank, and Oracle, aims to create over 100,000 jobs and establish AI infrastructure in the U.S. During the announcement, key figures emphasized the initiative's potential for economic growth and national security, despite skepticism regarding funding from Elon Musk.