On his first day back in office, President Trump announced the Stargate initiative, a substantial investment into AI infrastructure totaling $500 billion. Funded by OpenAI, Oracle, and SoftBank, the project promises to create around 100,000 jobs with ten data centers being established in Texas. Concurrently, Trump repealed Biden-era AI regulations, causing division among tech leaders regarding potential consequences. Elon Musk publicly claimed that the involved companies lack sufficient funds for the initiative, prompting responses from stakeholders. Critics express concern over the lack of regulatory oversight in Trump’s proposal, emphasizing the need for protection against potential AI-related harms.