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kelly1mm

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67. $0 in federal funds. All the funds are coming from the 3 companies. Details are in the article. nt

Reply to iemanja (Reply #61)

Wed Jan 22, 2025, 10:10 AM

Jan 22

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Trump to announce up to $500 billion in private sector AI infrastructure investment [View all] mahatmakanejeeves Jan 21 OP

What's his cut of the 500 billion? Autumn Jan 21 #1

Yeah...everything is a GRIFT of some kind. Maybe just a 10% stiphen? Bengus81 Jan 21 #2

He would never settle for 10%. Autumn Jan 21 #4

Is this where his 50 billion memecoin profit came from? niyad Jan 21 #19

You know that 50 billion tanked within hours...something like 60+%. Will fall further in the next few days/wks PortTack Jan 21 #31

Hehe...My 1st thought exactly. I sent the news to a friend of mine who does some AI, told him to enhance his skills Escurumbele Jan 22 #70

Nice to see him helping the poor and the homeless. milestogo Jan 21 #3

Yes, good to see the Bishop's plea for mercy for the people was taken to heart 🙃 Deuxcents Jan 21 #32

He will say.... sheshe2 Jan 22 #47

We need to hope that effort will create jobs in the tech industry, and yes, I am sure most of the money will go Escurumbele Jan 22 #72

$500 Billion grift for his rich friends, but no money for SS, medicare, education, healthcare. Irish_Dem Jan 21 #5

This is private sector money that is funding the project. It is right in the title of the OP. nt kelly1mm Jan 22 #38

Title says investment IN private sector not BY the private sector. It is right in the title. Irish_Dem Jan 22 #57

It is by the 3 companies (Oracle, SoftBank, Open AI). No taxpayer funds. They are not 'giving' their money kelly1mm Jan 22 #59

Muck benefits big time from that govt largesse. He is big into AI, deep, as they say. . . . .nt Bernardo de La Paz Jan 21 #6

It's clear by now that the goal of the entire TFG regime is to perform a Blue_Tires Jan 21 #7

Don't trust trump on this, but Mark Cuban is right that countries that support AI will do best in future. Silent Type Jan 21 #8

Which is Cuban's vision of the world: Bidens or the Oligarchs? in2herbs Jan 21 #26

"Stargate" is a sci-fi movie from thirty years ago. Great originality,, guys JustABozoOnThisBus Jan 21 #9

Meh. Igel Jan 21 #16

I doubt that Felon47 knows what warp speed means, or where it's from. LastLiberal in PalmSprings Jan 22 #45

Its the effect, not the name or its fictional history. What Operation Warp Speed did was develop a Covid Vaccine in 24601 Jan 22 #62

I confess - I saw the movie. yellow dahlia Jan 21 #28

Stargate, The Matrix, 1984, it's as if they base their product on bastardized versions of fuckin' movies. Crowman2009 Jan 22 #64

That's about $450 billion too much. patphil Jan 21 #10

Why shouldn't the govt keep their finger in the whole thing? Privatization is what has gotten us to where we are today. in2herbs Jan 21 #27

This is private sector money only. It is in the title to the OP. $0 taxpayer money. nt kelly1mm Jan 22 #39

What taxpayer money are you referring to? MichMan Jan 22 #68

He finally showed up, an hour and fifteen minutes late. AI seems not too good at winding watches. mahatmakanejeeves Jan 21 #11

Most of that should go for infrastructure... Shipwack Jan 21 #12

Meanwhile PHYSICAL infrastructure is failing pfitz59 Jan 21 #13

LOL. Musk just got a huge "return" on his "investmant" PSPS Jan 21 #14

Here we go again. Rainman4u2C Jan 21 #15

I'm trying to figure out the same thing. yellow dahlia Jan 21 #29

Private sector money for now but plenty of room for grifting later Bengus81 Jan 22 #60

There may be some short term job creation, but AI will undoubtedly result in far more job losses than gains. patphil Jan 22 #69

So we have no money to keep the government running, but we have $500 billion for Trump's AI bros? WTF. Initech Jan 21 #17

This is all private sector money. It is right in the title of the OP. $0 taxpayer money. nt kelly1mm Jan 22 #40

The taxpayers WILL be hit happybird Jan 22 #53

This is just one small step . . . Aussie105 Jan 21 #18

The real question with AI is The Madcap Jan 21 #20

AI is fine as long as it's for scientific/academic research for details that would take forever with current... Crowman2009 Jan 22 #65

Anyone who trusts these people with AI, is playing with fire. JohnSJ Jan 21 #21

As the promoter he'll definitely get a cut of this. They'll run AI as first to market. ancianita Jan 21 #22

The payroll taxes alone will pay off the deficit! bluedigger Jan 21 #23

The private sector and private lending and capital markets are doing fine without government subsidies bucolic_frolic Jan 21 #24

There is 0 tax dollars going into this. It is PRIVATE SECTOR investment. nt kelly1mm Jan 22 #41

So what is Trump giving them in return for him announcing it KPN Jan 22 #48

Having the new 'strong man' leader of the country, who adores adulation over anything, have good vibes about kelly1mm Jan 22 #52

People at this level of income never spend their own money. But, if as they say, they are willing to invest in2herbs Jan 21 #25

surprise, right? 4catsmom Jan 21 #30

to go to Zuck azureblue Jan 21 #33

Everything he touches dies...that goes for the young t-rump as well. PortTack Jan 21 #34

AI is just like Trump Yo_Mama_Been_Loggin Jan 21 #35

Trump's seig heiling little buddy Musk is not going to like that. LudwigPastorius Jan 21 #36

All without a competitive grant process iemanja Jan 21 #37

Why would these private companies need to go through a grant process to spend their own money? This is kelly1mm Jan 22 #42

They do iemanja Jan 22 #43

This is not a government funded or sponsored endeavor. This is a new AI company collaboration between kelly1mm Jan 22 #49

With $500 billion in federal funds iemanja Jan 22 #61

$0 in federal funds. All the funds are coming from the 3 companies. Details are in the article. nt kelly1mm Jan 22 #67

I would like to politely suggest that you read about private sector investments because there are in2herbs Jan 22 #44

Not this one. Fully funded by Oracle, SoftBank and Open AI. It is in the article posted. nt kelly1mm Jan 22 #50

Sounds like Skynet is only a heartbeat away... Ford_Prefect Jan 22 #46

What the fuck is that? OAITW r.2.0 Jan 22 #51

I figure that this is how we'll eventually get SkyNet and Terminators Mr. Scorpio Jan 22 #54

Payment for their support to get him into office. cstanleytech Jan 22 #55

I don't think... 2naSalit Jan 22 #56

I have a feeling Trump is taking credit for Biden's Cancer Moonshot LiberalArkie Jan 22 #58

This corporate-hyped version of AI serves no purpose for the general public. Crowman2009 Jan 22 #63

Great -- taxpayer-funded pro-Putin bots. nt eppur_se_muova Jan 22 #66

I mean, it's not like that money needs to go to roads, buildings, bridges, etc. sakabatou Jan 22 #71

Musk Pours Cold Water on Trump-Backed Stargate AI Project mahatmakanejeeves Jan 22 #73

Elon Musk bashes the $500 billion AI project Trump announced, claiming its backers don't 'have the money' mahatmakanejeeves Jan 22 #74

So typical of the orange idiot, but I'm sure the stupids will fall for it Sailingdiver Thursday #75