Silicon Valley’s initial advantage in LLMs evaporated quickly despite export controls, writes AI expert Gary Marcus.

Trump’s $500 billion AI project is smoke and mirrors — and bad economics. China’s AI thunderbolt doesn’t help.

Trump was joined by SoftBank Group Corp.’s Masayoshi Son, OpenAI’s Sam Altman and Oracle Corp.’s Larry Ellison at the White House to announce the venture, dubbed Stargate, which they said would deploy $100 billion immediately with the goal of eventually spending $500 billion for the construction of data centers and physical campuses.

Is this a joke? Altman is a known bad actor and OpenAI’s balance sheet is anemic. And, Mr. SoftBank lost billions in the WeWork scam making it questionable that they can raise huge sums necessary.

The effort was described as a $500 billion investment in artificial intelligence. Read how a small Texas city with a population of about 130,000 fits into the plans.

Masayoshi Son founded SoftBank in 1981. It has invested millions in some of Silicon Valley's biggest tech companies.

Trump lauded the up to $500 billion partnership with OpenAI, Oracle, and SoftBank to build out data centers and electricity generation in Texas to support U.S. AI development.

“This will be the most important project of this era,” said Altman, CEO of OpenAI. Ellison noted that ... in the troubled office-sharing company WeWork. While Trump has seized on similar ...

Tech titan Elon Musk cast doubt Wednesday on a $500 billion AI project announced by US President Donald Trump, saying the money promised for the investment actually wasn't there.

He previously committed to $50 billion in new investments ahead of Trump’s first term, which included a large stake in the troubled office-sharing company WeWork. While Trump has seized on ...

"This will be the most important project of this era," said Altman, CEO of OpenAI. Ellison noted that ... in the troubled office-sharing company WeWork. While Trump has seized on similar ...

Masayoshi Son of SoftBank, Sam Altman of OpenAI and Larry Ellison of Oracle joined Trump for the $500 billion announcement.