Trump to Announce $2.4 Billion in AI Commitments for Research
President Donald Trump is expected to unveil $2.4 billion in AI commitments from Nvidia, AMD, OpenAI, Anthropic and Google at a Washington summit, Bloomberg reports.
The pledged contributions include $1 billion from Nvidia Corp., $500 million from Advanced Micro Devices Inc., $200 million from OpenAI, and $150 million each from Anthropic PBC and Alphabet Inc.'s Google, according to Bloomberg.
The White House described the commitments as part of the administration's effort to promote and harness artificial intelligence. Bloomberg reported that the announcement is the latest such effort by the administration.
The Genesis mission is intended to use the technology to boost research and to support more than 15 federal agencies, according to the White House. The donations are to be directed toward AI tools and compute credits for that initiative.
No additional details about the summit agenda, the terms of the pledges, or how the compute credits would be allocated were included in the Bloomberg report.
Editor's Summary
President Donald Trump is expected to announce $2.4 billion in AI-related commitments from Nvidia, AMD, OpenAI, Anthropic and Google at a Washington summit. The funds are intended to provide AI tools and compute credits for the administration's Genesis mission, which the White House says will support more than 15 federal agencies. The announcement is part of the administration's broader effort to promote and harness artificial intelligence.