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U.S. announces massive AI infrastructure project worth US$ 500 bil.
💬 In the U.S.
President Donald Trump announced a historic AI investment project worth 5-hundred billion dollars in collaboration with tech giants.
Our Park Kun-woo has the details.
Efforts to "Save America" are being put into action.
U.S. President Donald Trump announced on Tuesday the largest AI infrastructure project in history with investment of up to 5-hundred billion U.S. dollars.
The massive project includes three companies -OpenAI, SoftBank, and Oracle -that have decided to partner on a new AI infrastructure company "Stargate."
"Beginning immediately, Stargate will be building the physical and virtual infrastructure to power the next generation of advancements in AI and this will include the construction of colossal data centers, very, very massive structures."
The first data center project is already under construction in Texas.
Also on Tuesday, a mass deportation operation began in the U.S. according to border czar Tom Homan.
He said the Immigration and Customs Enforcement agency will primarily crack down on illegal immigrants with criminal records, but added those without such records will also be arrested if found.
Homan said "sanctuary cities" and protected areas, including schools and places of worship, will not be exempt from arrests.
Trump also hinted at a "tax war" with a memorandum after taking office, which threaten to double tax rates for foreign nationals and companies in the U.S. in response to discriminatory taxation on U.S. multinationals by other countries.
He also mentioned potentially withdrawing from the OECD global tax pact that allows other countries to levy top-up taxes on U.S. companies.
Trump also spoke about imposing tariffs.
"We're thinking in terms of 25% on Mexico and Canada I think we'll do it February 1st."
Canada’s Prime Minister said it will "respond robustly" if "unfair tariffs" are imposed to protect the country's interests.
Trump also spoke about possible tariffs on China early next month.
However, investment banks Morgan Stanley and Goldman Sachs echoed opinion in Wall Street that Trump's recent comments on tariffs were quite moderate, but also noted related uncertainties remain in the coming days.
With easing concerns, the New York stock market, including the Dow Jones 30, closed strongly on Tuesday, up by more than 1-point-2 percent from the previous session.
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