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title: Accenture CEO Praises ‘Stargate,’ OpenAI’s New Venture While in Davos | TIME
description: President Donald Trump on Tuesday announced a $500 billion joint venture between OpenAI, Softbank, MGX and Oracle to build new datacenters to power the next wave of artificial intelligence (AI) – in an early signal that his Administration would embrace the technology.
The plans, which predate the Trump Administration and involve no U.S. government funds, would result in the construction of large datacenters on U.S. soil containing thousands of advanced computer chips required to train new AI systems.
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og:title: Accenture CEO Praises ‘Stargate,’ OpenAI’s New Venture While in Davos
og:description: President Donald Trump on Tuesday announced a $500 billion joint venture between OpenAI, Softbank, MGX and Oracle to build new datacenters to power the next wave of artificial intelligence (AI) – in an early signal that his Administration would embrace the technology.
The plans, which predate the Trump Administration and involve no U.S. government funds, would result in the construction of large datacenters on U.S. soil containing thousands of advanced computer chips required to train new AI systems.
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twitter:title: Accenture CEO Praises ‘Stargate,’ OpenAI’s New Venture While in Davos
twitter:description: President Donald Trump on Tuesday announced a $500 billion joint venture between OpenAI, Softbank, MGX and Oracle to build new datacenters to power the next wave of artificial intelligence (AI) – in an early signal that his Administration would embrace the technology.
The plans, which predate the Trump Administration and involve no U.S. government funds, would result in the construction of large datacenters on U.S. soil containing thousands of advanced computer chips required to train new AI systems.
twitter:image: https://cdn.jwplayer.com/v2/media/poLsreKc/poster.jpg?width=720
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* Business

# Accenture CEO Praises ‘Stargate,’ OpenAI’s New Venture While in Davos

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<!-- video src="https://cdn.jwplayer.com/manifests/poLsreKc.m3u8" -->
## Video: Accenture CEO Praises ‘Stargate,’ OpenAI’s New Venture While in Davos

[Watch (HLS stream): Accenture CEO Praises ‘Stargate,’ OpenAI’s New Venture While in Davos](https://cdn.jwplayer.com/manifests/poLsreKc.m3u8) (1:56)

![Accenture CEO Praises ‘Stargate,’ OpenAI’s New Venture While in Davos](https://cdn.jwplayer.com/v2/media/poLsreKc/poster.jpg?width=720)

_Published 2025-01-22. President Donald Trump on Tuesday announced a $500 billion joint venture between OpenAI, Softbank, MGX and Oracle to build new datacenters to power the next wave of artificial intelligence (AI) – in an early signal that his Administration would embrace the technology. The plans, which predate the Trump Administration and involve no U.S. government funds, would result in the construction of large datacenters on U.S. soil containing thousands of advanced computer chips required to train new AI systems._


---

Jan 22, 2025 10:20 PM UTC

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## Transcript

The Stargate. Investment is important for two reasons. First, it is an absolute validation that AI is important for companies and countries. And this is something we've been talking about. It is a very important agenda item. Second, it is all about accelerating innovation. So it's a really exciting moment. The US has great leadership in AI today. And this looks like it's going to continue to accelerate that leadership. When you think about AI governance in the US, one of the very important things to remember is that really from the beginning, the US has said we want to be innovation first with appropriate guardrails.

And that's in contrast to other parts of the world where they start with the guardrails. I expect that that environment is going to continue because the ecosystem partners and the government and companies are all aligned. I will not be successful if people don't trust it. So I'm not worried about a two deregulated because the interests of making sure AI is trusted are aligned across all groups. I think workers don't have a reason to fear. They do have a reason to be intentional about how they upskill. And that's very much tied to the fact that AI is going to be able to do tasks that humans do today, and it's going to be able to do things that humans can't do today.

And so as an employee, I've got to figure out how do I leverage AI to be an even better creator of value in my company?

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