SMRTR TechFeb 8, 2025Hacker News

The 'dangerous' promise of a techno-utopian future

SMRTR summary

A new AI venture called Stargate, backed by a $100 billion initial investment, aims to build infrastructure for next-generation AI in the U.S. The project, announced by President Trump, involves tech giants OpenAI, Oracle, SoftBank, and UAE's MGX, with plans to invest up to $500 billion and create 100,000 jobs. Critics worry about environmental impacts, worker displacement, and the concentration of power in the hands of a few tech billionaires.

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