this post was submitted on 19 Feb 2025
-4 points (30.0% liked)

Global News

3174 readers
322 users here now

What is global news?

Something that happened or was uncovered recently anywhere in the world. It doesn't have to have global implications. Just has to be informative in some way.


Post guidelines

Title formatPost title should mirror the news source title.
URL formatPost URL should be the original link to the article (even if paywalled) and archived copies left in the body. It allows avoiding duplicate posts when cross-posting.
[Opinion] prefixOpinion (op-ed) articles must use [Opinion] prefix before the title.
Country prefixCountry prefix can be added tothe title with a separator (|, :, etc.) where title is not clear enough from which country the news is coming from.


Rules

1. English onlyTitle and associated content has to be in English.
2. No social media postsAvoid all social media posts. Try searching for a source that has a written article or transcription on the subject.
3. Respectful communicationAll communication has to be respectful of differing opinions, viewpoints, and experiences.
4. InclusivityEveryone is welcome here regardless of age, body size, visible or invisible disability, ethnicity, sex characteristics, gender identity and expression, education, socio-economic status, nationality, personal appearance, race, caste, color, religion, or sexual identity and orientation.
5. Ad hominem attacksAny kind of personal attacks are expressly forbidden. If you can't argue your position without attacking a person's character, you already lost the argument.
6. Off-topic tangentsStay on topic. Keep it relevant.
7. Instance rules may applyIf something is not covered by community rules, but are against lemmy.zip instance rules, they will be enforced.


Companion communities

Icon generated via LLM model | Banner attribution


If someone is interested in moderating this community, message @[email protected].

founded 2 years ago
MODERATORS
 

Because it's heavily paywalled, here's th gist:

February 2025: A major AI infrastructure investment in the US. Here are the key points:

Scale and Participants:

  • A $500 billion AI infrastructure investment announced by President Trump
  • Joint venture called "Stargate" formed by three companies:
    • SoftBank Group (Japan)
    • OpenAI (US)
    • Oracle (US)

Financial Details:

  • Initial commitment of $100 billion
  • Plans to increase to $500 billion over four years
  • SoftBank made an additional separate $100 billion investment pledge

Market Impact:

  • SoftBank shares rose 11.6% to ¥10,325 (highest since July 2024)
  • Oracle shares up 7.2% on Nasdaq
  • Japanese chip stocks also rose (Advantest +4.5%, Tokyo Electron +2.9%)

First Project:

  • Data center in Abilene, Texas
  • Over 46,500 square meters
  • Already under construction

Policy Context:

  • Trump administration emphasizing AI investment and deregulation
  • Trump rescinded Biden's 2023 executive order on AI regulation
  • Positioned as keeping technology investment in US rather than China

The announcement involved high-profile executives including Masayoshi Son (SoftBank CEO), Sam Altman (OpenAI CEO), and Larry Ellison (Oracle Chairman/CTO), who appeared with Trump at the White House for the announcement.

This represents one of the largest technology infrastructure investments in history and signals a major shift in US AI policy and investment strategy.

no comments (yet)
sorted by: hot top controversial new old
there doesn't seem to be anything here