The initiative announced by President Donald Trump will aim to "secure American leadership in AI" while also creating jobs and economic benefit.

President Donald Trump on Tuesday announced Stargate, a new entity that plans to invest $500 billion in artificial intelligence infrastructure with the goal of making advancements in industries like health care and positioning the U.S. as the leader in AI.

The source pointed out that MGX has $100b in capital commitments, Oracle has $11b in cash on its balance sheet and OpenAI recently announced it has more than $10b from its recent round of venture capital.

The billionaire Tesla and SpaceX founder was initially expected to take an office in the Eisenhower Executive Office Building, which is in the White House complex, but not the West Wing.

Billionaire pushes ahead with plans to infiltrate all parts of Trump’s administration after axing of his co-leader at DOGE

The new Trump administration is confirming that Vivek Ramaswamy won’t stay with the Department of Government Efficiency at the start of President Trump’s second term, noting that he “intends to run for elected office soon,

Elon Musk could occupy space in the Eisenhower Executive Office Building next to the West Wing to head up the newly created Department of Government Efficiency, known as DOGE.

Elon Musk has been given an office in the White House complex for his department of government efficiency (Doge) in the latest sign of his closeness to Donald Trump. The SpaceX founder has reportedly been assigned space in the Eisenhower Executive Office Building, which is next to the main White House, the New York Times has claimed.

Shortly after President Donald Trump announced a new massive AI infrastructure investment from the White House, “First Buddy” Elon Musk tried to tear it down.

On President Trump’s first day in office, Elon Musk already has a coveted White House email address. A source tells The Hill that Musk, the billionaire who will head up the Department