Donald Trump launches $500B Stargate project to boost AI infrastructure in the United States

In a big move to fuel the burgeoning demand for AI infrastructure, US President Donald Trump has announced a private sector investment of up to $500 billion with the launch of ‘Stargate’— a joint venture between OpenAIand SoftBankto build data centres and create over 1,00,000 jobs in the country. The venture will be initially funded by SoftBank, OpenAI, Oracle, and MGX. SoftBank and OpenAI will serve as the primary partners, with SoftBank overseeing financial responsibilities and OpenAI managing the operations. Masayoshi Son will assume the role of chairman.These companies, alongside the other equity backers of Stargate, have pledged an immediate investment of $100 billion. The remaining funding is projected to come in over the next four years.“The Stargate Project is a new company which intends to invest $500 billion over the next four years building new AI infrastructure for OpenAI in the United States. We will begin deploying $100 billion immediately,” read OpenAI’s blog. “This infrastructure will secure American leadership in AI, create hundreds of thousands of American jobs, and generate massive economic benefit for the entire world. This project will not only support the re-industrialization of the United States but also provide a strategic capability to protect the national security of America and its allies,” it added. Arm, Microsoft, NVIDIA, Oracle, and OpenAI will serve as the primary technology partners. Construction efforts for the data centres are already underway in Texas, and as final agreements are completed, additional sites across the country are being evaluated for more campuses.“I think this will be the most important project of this era. We wouldn’t be able to do this without you, Mr. President,” Sam Altman, CEO of OpenAI, said during a press conference held at the White House.Under the initiative, Oracle, NVIDIA, and OpenAI will work closely to build and operate the computing infrastructure. This partnership builds on a longstanding collaboration between OpenAI and NVIDIA, dating back to 2016, as well as a newer partnership between OpenAI and Oracle. It also expands on OpenAI’s existing partnership with Microsoft, with the firm set to increase its usage of Azure, the cloud computing platform of Microsoft. This additional computing infrastructure will help the Altman-led company to continue training AI models and deliver their products and services.“All of us look forward to continuing to build and develop AI—and in particular AGI (artificial general intelligence)—for the benefit of all of humanity. We believe that this new step is critical on the path, and will enable creative people to figure out how to use AI to elevate humanity,” said OpenAI.

How to Use Social Proof to Build Trust and Grow Your Business

The world of finance is undergoing a major transformation, and artificial intelligence is leading the charge. Gone are the days of manual number crunching and time-consuming spreadsheets. Today, AI is helping businesses streamline their financial processes, providing deeper insights, and making smarter decisions with greater speed and accuracy.
AI-powered tools are reshaping how businesses handle accounting and budgeting by automating repetitive tasks, reducing errors, and offering real-time financial insights. Whether it’s managing expenses, forecasting revenue, or detecting fraud, AI is making financial management more efficient than ever before.
One of the biggest advantages AI brings to accounting is automation. Tasks that used to take hours such as data entry, invoice processing, and reconciliation can now be done in minutes. AI algorithms can automatically categorize expenses, match transactions, and even flag anomalies, allowing finance teams to focus on higher-level strategic planning instead of getting lost in the numbers. This automation not only saves time but also reduces costly human errors.
Budgeting is another area where AI is making a huge impact. Traditional budgeting methods often rely on historical data and educated guesses. AI, on the other hand, can analyze large volumes of data, recognize patterns, and provide predictive insights that help businesses anticipate future financial trends with remarkable accuracy. By analyzing spending patterns, cash flow, and market conditions, AI-driven budgeting tools allow businesses to make proactive financial decisions rather than reactive ones.
AI is also enhancing financial forecasting, making it easier for businesses to predict revenue, identify potential risks, and allocate resources effectively. By processing real-time data from multiple sources such as sales trends, economic indicators, and even social media sentiment AI can provide a more comprehensive view of a company’s financial health and future opportunities.
Another significant benefit AI brings to finance is its ability to detect fraud and ensure compliance. With advanced machine learning algorithms, businesses can identify suspicious transactions, unusual patterns, and potential compliance violations before they become major problems. This not only protects the company’s bottom line but also helps maintain trust with customers and stakeholders.
Despite all these advantages, businesses must be mindful of potential challenges when adopting AI in finance. Data security and privacy remain top concerns, as financial data is highly sensitive and requires robust protection measures. Additionally, while AI can enhance efficiency, it’s important to remember that human oversight is still necessary to ensure accuracy and make strategic decisions based on AI-generated insights.
As AI continues to evolve, businesses that embrace its capabilities in accounting and budgeting will gain a competitive edge. From automating routine tasks to providing actionable financial insights, AI is redefining how businesses manage their finances, helping them operate more efficiently and make smarter financial decisions.

Why Good Science Is Key to Good Technology

The following article is an opinion piece written by Philipp Koellinger. The views and opinions expressed in this article are those of the author and do not necessarily reflect the official position of Technology Networks.Science and technology are co-dependent with a feedback loop between the two. Science is currently in the midst of a replication crisis with many studies appearing novel on the surface but being difficult to replicate. This barrier to scientific progress, in turn, holds back technological innovation as breakthroughs are slowed by the current publishing landscape. Here, I explore the changes required to level the playing field and accelerate both scientific and technological progress.  Currently, the scientific publishing industry is unable to publish anything other than manuscripts (PDFs). Though these texts provide valuable information, it’s only one part of reporting scientific research – data, code and other artefacts are often at least equally important to support an author’s claims and aid those trying to repeat the results. Without access to these elements, it’s difficult to test how robust or trustworthy a study is or reproduce its findings – holding back scientific progress.  A lack of access to data and code also leads researchers to “reinvent the wheel,” duplicating efforts. Good science enables new, breakthrough technologies, new medical treatments and general innovation. But, when research that looks promising turns out to be false and not replicable, society loses time and money, misinformation spreads and future R&D efforts get misdirected, which in turn slows down technological progress, economic growth and our ability to solve urgent problems. Better technologies enable better scienceThat said, we have seen a lot of scientific breakthroughs in recent years that have been aided by new technologies, including the ability to quickly and cheaply sequence DNA or genotype individuals. This has completely revolutionized the way genetics research is done, and it is starting to have downstream effects that improve medical diagnoses and treatment options.  Two decades ago, collecting genetic samples used to be incredibly expensive, but now there are massive datasets that allow scientists to run a vast range of studies that are much bigger and better statistically powered than before. This has enabled a cascade of robust, replicable scientific discoveries that wouldn’t have been possible without this positive feedback loop between technology and science. Also, new technologies are often enabled by scientific progress. To again use DNA and genetics as an example, the development of modern genotyping and sequencing technology was enabled by major scientific breakthroughs such as the Human Genome Project, which decoded the first complete human genetic sequence 25 years ago.  The competitive race between two scientific teams to complete this scientific breakthrough led to major innovations in measuring DNA accurately, quickly and at scale. This sparked the development of new sequencing and genotyping technologies, which led to price decreases per human genome over time that outpaced the rate of progress in computer chip making (i.e., Moore’s law). In turn, these technological advances made the emergence of gigantic biobanks possible that collect genetic information, medical records and other markers for millions of people (e.g., UK Biobank). Many of these biobanks can be accessed and used by researchers around the world for free or for modest fees, which led to a flurry of robust and reproducible scientific breakthroughs. But just like the feedback loop between science and technology can speed up progress, bad science can severely harm our ability for technological, medical and social progress. Consider the example of laboratory experiments for pre-clinical studies, which are often conducted with small sample sizes and without giving others access to the raw data, code or experimental protocols that are detailed enough to enable replications.In a commentary piece published in Nature in 2012, it was reported that from biotech giant Amgen’s attempts to replicate over 50 landmark cancer studies that were published in leading scientific journals, almost 90% could NOT be successfully replicated. This not only led to an enormous waste of time and money that slowed down the development of cancer treatments, but it also undermined trust in studies that were published in high-impact journals, leading Amgen to look for other ways to inform their R&D pipeline. Efforts to make science more transparent and accessible (including data and code) make it easier for others to reproduce findings and help to separate true discoveries from noise. This, in turn, can save R&D-intensive companies a lot of time and resources, speeding up their ability to develop novel products and services that actually work.  Novelty: The catalyst of innovation When scientific novelty and rigor coincide, actual discoveries happen that can spur technological innovation. Improving access to data and code, and properly measuring both novelty and rigor of scientific outputs would go a long way toward improving the returns on R&D investments.  The existing publishing system typically relies on the subjective “smell test” of editors and referees to assess novelty, which often results in disagreements and wrong decisions. This subjective, manual system of assessing novelty is also very labor-intensive, slow, inefficient and prone to biases.  This is why we released a first-of-its-kind novelty scores calculator that ranks both content novelty and context novelty of scientific manuscripts using a machine-learning model that progresses over time, taking scientific advances into account.  With thousands of scientific papers getting published every day and an exponential increase in publication volumes that has been going on for decades, the utility of a tool that objectively and quickly assesses novelty is obvious: It helps to surface the research that has the highest chance of moving the needle. These scores are highly correlated with future citation counts and identify papers with citations of more than 90 percent of those published in the same year and field more accurately than top scientific journals such as Nature, Cell and Science. In addition, robustness is aided by access to data, code and other artefacts that underline a study’s claims. Developing a preprint network that supports manuscript, data, code and other research outputs that allows them to be reviewed can also give researchers the credit for sharing them. With this information available, the rigor of any previous study can be tested by an independent team of researchers who can try and replicate the results – arguably the most convincing test of rigor. This can be done by using a crowdfunding mechanism for published papers that enables scientists and companies to identify studies that can test its initial outcomes. With the right incentives to carry out these studies, research and development organizations could have saved a lot of time by outsourcing replication studies to the scientific community at a fraction of the cost.  DeSci Labs aims to accelerate scientific progress by making science both more robust and more novel. That’s why we have launched the first objective novelty metric and allow users to upload vital supporting material to research manuscripts. It enables the technology and science feedback loop to continue functioning, while preserving content from the past that can help differentiate true discovery from noise – allowing for true advances to take place.

On voting rights, eight legal battles to watch in 2025

This article was originally published in Bolts Magazine. Conservative judges have chipped away at voting rights and put the Voting Rights Act through renewed stress over the last decade. They’re now set to gain new allies with the incoming Trump administration and GOP majorities in Congress. At the same time, GOP-led states are devising new restrictions on voter registration and ballot access,…

The PGA of America Launches Golf Travel Partnership with Premier Golf

The PGA of America and Premier Golf—a division of the world’s largest golf travel group, Your Golf Travel—announced today a partnership naming the Atlanta-based golf-vacation company the “Official Golf Vacation Partner of the PGA of America.”The agreement aims to accelerate the specialist luxury tour operator’s expansion in North America in a golf travel tourism market worth $40 billion annually while underlining the PGA of America’s commitment to serve the more than 30,000 PGA of America Golf Professionals.The PGA of America will contribute its brand and marketing assets to raise the profile and visibility of Premier Golf. Additionally, the partnership will allow PGA of America Golf Professionals to offer enhanced travel incentives while increasing interest and participation in the game. “PGA of America Golf Professionals often serve their members and students through organized golf trips, enjoying the incredible golf destinations we all love as avid golfers,” said PGA of America President Don Rea Jr., PGA Master Professional and Owner/Operator of Augusta Ranch Golf Club (Arizona). “We look forward to expanding our relationship with Premier Golf as they have participated in our Golf Retirement Plus Program for over 20 years. We appreciate their willingness to join our efforts to serve the more than 30,000 PGA of America Golf Professionals.” (Photo courtesy of Bandon Dunes Golf Resort)Premier Golf will engage with PGA of America Golf Professionals at the 72nd PGA Show on Wednesday, January 22nd at 5 p.m. EST, during a PGA of America Member Reception located in the Orange County Convention Center in Orlando, Florida.  Additionally, Premier Golf will be located in the Golf Travel and Tourism area of the Show Floor at Booth #3972Premier Golf Managing Director Ann Mabry said: “Premier Golf was founded back in 1988 and we have had a long-standing history with the PGA of America, originally formed as ‘PGA Travel’ and working on many Ryder Cups together since 1991. This new partnership builds on the legacy between our respective organizations and we are fully committed to serving the needs of all PGA of America Golf Professionals across the country as well as the wider 45 million golfers in the United States.”The first hole at No. 2. (John Mummert/USGA)President of Premier Golf, Ross Marshall said, “This is brilliant news for PGA of America Golf Professionals, industry stakeholders and golfers across America. This exciting collaboration will ensure we better serve the wider golfing community, whilst delivering elevated travel inspiration and unforgettable golfing experiences. Additional incentives for PGA of America Golf Professionals and bespoke account management will help us scale our professional and member travel business across America.”

The Age Of Political Correctness Is Waning

Consider Elon Musk’s tweet from January 2025: “They prioritised DEI over saving lives and homes.” He was responding to the Los Angeles Fire Department’s four-year-old ‘racial equity action plan,’ which, in his view, contributed to the spread of the fire. Similarly, consider the recent controversies surrounding ‘grooming gangs’ in Britain. These were labelled as Asian…

Meet Mahama’s new presidential staffers that include a former CPP top executive

President John Dramani Mahama has made 10 more key appointments to the Office of the President. The appointment, which was announced on Tuesday, January 21, 2024, included Ghanaians with vast experiences in various fields, including communication, diplomacy, governance and security. Below is a profile of the new presidential staffers: Joyce Bawah Mogtari – Presidential Adviser…

British Business Bank marks a decade of transformative impact on the economy and smaller businesses across the East Midlands

Watch more of our videos on ShotsTV.com and on Freeview 262 or Freely 565Visit Shots! nowSince it was established in 2014, the British Business Bank has supported 14,000 smaller businesses in the East Midlands which are expected to create 13,000 additional jobs and sustain almost 161,000 existing positions.This cements the Bank’s role as a critical driver of growth and employment in the UK and its regional economies since its inception.Published today, the British Business Bank’s The Power of 10: 10 Year Impact Report, reveals smaller businesses supported by the Bank are projected to generate £5bn in additional turnover. Through their growth, it is estimated they will boost the East Midlands economic output by around £2bn over the lifetime of their finance.Ensuring access to finance reaches all UK Nations and regionsLouis TaylorThe British Business Bank has successfully supported businesses across the UK, with 84% of businesses supported based outside London, underscoring its commitment to delivering fair access to finance in all Nations and regions. This support has generated significant economic benefits, contributing over £2bn in Gross Value Added (GVA) to the East Midlands and sustaining more than 161,000 jobs, with an additional 13,000 jobs expected to be created as a result.Programmes such as the Regional Angels Programme and £1.6bn Nations and Regions Investment Funds, of which the Midlands Engine Investment Fund II is part, have driven investment in regional innovation clusters, helping to retain high-growth businesses in these areas.Leveraging private sector investmentOver the past decade, the Bank has leveraged more than £4 of private sector investment and lending guaranteed for every £1 of public funding deployed, demonstrating its ability to act as a catalyst for private funding.Its network of over 200 delivery partners, which includes banks, fintech providers, and venture capital funds, has been instrumental in addressing structural market gaps and enabling innovation across the UK.The British Business Bank’s Midlands Engine Investment Fund II, which recently announced that it has committed more than £17m to the region’s smaller businesses since its launch in February 2024, has leveraged £10m of additional investment from the private sector in just ten months. Louis Taylor, CEO, British Business Bank, said: “The Power of 10: 10 Year Impact Report highlights the transformative role the British Business Bank has played in driving economic growth and shaping the financial landscape for smaller businesses across the UK. “From improving access to finance across the UK’s Nations and regions to backing innovation and championing sustainable growth, we are proud of the impact we’ve achieved over the past decade. Looking ahead, we remain committed to supporting smaller businesses, unlocking private sector investment, and helping the UK meet its economic goals.“The catalytic impact of the British Business Bank and impressive track record crowding in private funding will become even more crucial as we establish the British Growth Partnership, subject to regulatory approval, unlocking the huge potential of UK pension funds and other institutional investors in venture capital funds and the UK’s innovative businesses.”Breaking down barriers in access to finance for under-represented groupsThrough its Start Up Loans programme, the Bank has ensured that traditionally under-represented groups in the East Midlands have gained greater access to finance.To date, 38% of these loans have been awarded to female founders, while 27% have supported entrepreneurs from Black, Asian, or Other Ethnic Minority backgrounds. This focus on inclusivity reflects the Bank’s commitment to unlocking potential and diversifying access to finance and creating opportunities for underserved groups.Looking to the future, the Bank is expanding access to funding for female entrepreneurs and will invest £50m into female-led funds through its existing programmes. This investment will support the aims of the Invest in Women Taskforce, which is an industry-led, government-backed initiative committed to increasing access to finance for female entrepreneurs. Business Secretary Jonathan Reynolds said: “Over the past decade, the British Business Bank has empowered smaller businesses to thrive, creating opportunities and driving growth across the UK.“They’ve supported more than 2 million jobs, created £97 billion in additional turnover, and delivered £32 billion in funding – its impact is clear. As part of our Plan for Change, this Government remains committed to building a high-growth economy, and the Bank’s success shows how public investment and private ambition can deliver lasting value for the nation.“The work of the British Business Bank is essential in our mission to grow the economy and improving living standards by supporting small businesses to flourish.”Continue Reading