Did China's DeepSeek Just Crash and Burn President Trump's $500 Billion AI Stargate Project?
President Trump's $500 billion AI project, dubbed Stargate, appears to be in jeopardy.
Shortly after his inauguration on Jan. 20, President Donald Trump hosted an event at the White House that featured some of the biggest names in the technology industry.
OpenAI CEO Sam Altman, Oracle founder Larry Ellison, and Japanese tech mogul Masayoshi Son are leading the charge for an infrastructure project called Stargate, which aims to invest $500 billion into American technology companies over the next four years.
While initial reactions to this initiative were positive, the euphoria was short-lived. Just days after the Stargate announcement, investors were focused on a new AI start-up out of China called DeepSeek.
