AI-related tokens are collectively recovering and pumping strongly after the new US President Donald Trump announced the establishment of the Stargate Project joint venture, which is expected to invest $500 billion in AI infrastructure over the next 4 years.
Trump announces Stargate Project to invest $500 billion in AI, AI-related tokens recover
On the second day of his term, the new US President Donald Trump announced the Stargate Project, a joint venture that will invest up to $500 billion in AI infrastructure, led by Softbank, Oracle and OpenAI.
Trump spoke at the White House on 01/21 (US time):
🚨BREAKING: President Trump has just announced Stargate Project, a new American company which will invest $500 billion over the next four years building new AI infrastructure in the United States.
— Charlie Kirk (@charliekirk11) January 21, 2025
Oracle's Larry Ellison, SoftBank CEO Masayoshi Son, and OpenAI Sam Altman were… pic.twitter.com/f0SL7zby2l
"Stargate Project will invest at least $500 billion in AI infrastructure in the US. This grand project is a resounding declaration of faith in the potential of America under the new president."
OpenAI CEO Sam Altman, SoftBank CEO Masayoshi Son and Oracle founder Larry Ellison were present to attend the announcement.
According to the plan, OpenAI, SoftBank and Oracle will establish the Stargate joint venture headquartered in Texas. They have committed an initial $100 billion investment, which will then increase to $500 billion over the next 4 years.
Trump also revoked the executive order issued by Joe Biden in 2023 on AI risks to consumers, which had established oversight measures for companies developing powerful AI models.
The Stargate Project is expected to create more than 100,000 high-quality jobs and propel the US ahead of China in the AI race.
OpenAI later announced on X:
Announcing The Stargate Project
— OpenAI (@OpenAI) January 21, 2025
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. This infrastructure will secure…
"As part of Stargate, Oracle, NVIDIA and OpenAI will work closely together to build and operate this computing system. This builds on the deep collaboration between OpenAI and NVIDIA since 2016 and the newer partnership between OpenAI and Oracle.
It also builds on OpenAI's existing partnership with Microsoft. OpenAI continues to scale up its use of Azure, and is collaborating with Microsoft to leverage this additional computing capability to train leading models and deliver many other great products and services.
All of us are eager to continue building and advancing AI—and especially AGI—for the benefit of all humanity. We believe this new step is crucial and will enable creators to find ways to use AI to uplift humanity."
If you can't imagine how big $500 billion is, here's a comparison: the scale of Stargate is more than 2 times the combined budgets of the Apollo Program and the Manhattan Project.
Stargate is more than 2x the budget of Apollo and Manhattan projects combined 🤯🚀 https://t.co/MVJeodWJP4 pic.twitter.com/YygGV29lFB
— echo.hive (@hive_echo) January 22, 2025
The Apollo Program was the third human spaceflight program conducted by NASA, while the Manhattan Project was the first research and development project for the atomic bomb during World War II.
Or if calculated based on GDP, $500 billion is equivalent to 1.83% of the US GDP in 2023. This shows how "massive" the Stargate project is.
For the crypto market, immediately after this news was circulated, AI-related projects such as AI meme, AI agent, AI framework, etc. all rebounded strongly.
Web3 AI Agent Ecosystem
As CoinGecko data shows, top AI agent tokens like FET, VIRTUAL, AIXBT all recorded double-digit percentage increases in the past 24 hours.
Price movements of top AI agent tokens, CoinGecko screenshot at 01:20 PM on 01/22/2025
Even AI16Z surged nearly 50%, currently trading around $1.25.
AI16Z price movement over the past 7 days, CoinGecko screenshot at 01:20 PM on 01/22/2025
But the most easily recoverable are still the memecoins. PIPPIN, AVA, ZEREBRO, MOBY seem to have erased their previous losses, recording 40-50% gains in 24 hours.
Price movements of top AI meme tokens, CoinGecko screenshot at 01:20 PM on 01/22/2025
Additionally, it is impossible not to mention WLD, the token of the World project built by Sam Altman, CEO of OpenAI. The price of WLD has increased by 20% in 1 day, currently trading around $2.21.
WLD price movement over the past 7 days, CoinGecko screenshot at 01:20 PM on 01/22/2025
Compiled by Coin68
