Marketplace Tech Bytes: Week in Review — The Stargate project, Trump meme coins, and the TikTok flip-flop
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Jan 24, 2025 Anita Ramaswamy, a columnist at The Information, dives into the latest tech controversies. She discusses the ambitious Stargate project to establish AI data centers, backed by industry giants like Sam Altman and Larry Ellison. The conversation shifts to Trump’s meme coins, highlighting the discontent among crypto insiders over their legitimacy. Ramaswamy also analyzes the ongoing TikTok ban debates and the complex interplay between U.S. regulations and political maneuvering, shedding light on the tech landscape's ever-shifting dynamics.
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Stargate Project Announced
- President Trump announced the Stargate Project, a private venture to build AI data centers.
- OpenAI, Oracle, and SoftBank are involved, with a potential investment of $500 billion.
Musk and Altman Clash
- Elon Musk questioned the project's funding on X, sparking a debate with Sam Altman.
- Altman responded, hoping Musk would prioritize America's interests.
Musk and Altman's History
- Musk co-founded OpenAI but later left and started his own AI company, xAI.
- The project's funding sources and exact purpose remain unclear, raising concerns.