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Trump Announces Private-sector $500 Billion Investment in AI Infrastructure

US President Donald Trump (L) gives remarks on artificial intelligence (AI) Infrastructure as Larry Ellison (2-L), Chief technology officer of Oracle, Masayoshi Son (2-R), CEO of SoftBank, Sam Altman (R), CEO of OpenAI look on in the Roosevelt Room of the White House in Washington, DC, USA, 21 January 2025. EPA/AARON SCHWARTZ / POOL
US President Donald Trump (L) gives remarks on artificial intelligence (AI) Infrastructure as Larry Ellison (2-L), Chief technology officer of Oracle, Masayoshi Son (2-R), CEO of SoftBank, Sam Altman (R), CEO of OpenAI look on in the Roosevelt Room of the White House in Washington, DC, USA, 21 January 2025. EPA/AARON SCHWARTZ / POOL
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Trump Announces Private-sector $500 Billion Investment in AI Infrastructure

US President Donald Trump (L) gives remarks on artificial intelligence (AI) Infrastructure as Larry Ellison (2-L), Chief technology officer of Oracle, Masayoshi Son (2-R), CEO of SoftBank, Sam Altman (R), CEO of OpenAI look on in the Roosevelt Room of the White House in Washington, DC, USA, 21 January 2025. EPA/AARON SCHWARTZ / POOL
US President Donald Trump (L) gives remarks on artificial intelligence (AI) Infrastructure as Larry Ellison (2-L), Chief technology officer of Oracle, Masayoshi Son (2-R), CEO of SoftBank, Sam Altman (R), CEO of OpenAI look on in the Roosevelt Room of the White House in Washington, DC, USA, 21 January 2025. EPA/AARON SCHWARTZ / POOL

US President Donald Trump on Tuesday announced a private sector investment of up to $500 billion to fund infrastructure for artificial intelligence, aiming to outpace rival nations in the business-critical technology.
Trump said that ChatGPT's creator OpenAI, SoftBank and Oracle are planning a joint venture called Stargate, which he said will build data centers and create more than 100,000 jobs in the United States, Reuters reported.
These companies, along with other equity backers of Stargate, have committed $100 billion for immediate deployment, with the remaining investment expected to occur over the next four years.
SoftBank CEO Masayoshi Son, OpenAI CEO Sam Altman and Oracle Chairman Larry Ellison joined Trump at the White House for the launch.
The first of the project's data centers are already under construction in Texas, Ellison said at the press conference. Twenty will be built, half a million square feet each, he said. The project could power AI that analyzes electronic health records and helps doctors care for their patients, Ellison said.
The executives gave Trump credit for the news. "We wouldn't have decided to do this," Son told Trump, "unless you won."
"For AGI to get built here," said Altman, referring to more powerful technology called artificial general intelligence, "we wouldn't be able to do this without you, Mr. President."
It was not immediately clear whether the announcement was an update to a previously reported venture.
In March 2024, The Information, a technology news website, reported OpenAI and Microsoft were working on plans for a $100 billion data center project that would include an artificial intelligence supercomputer also called "Stargate" set to launch in 2028.
POWER-HUNGRY DATA CENTERS
The announcement on Trump's second day in office follows the rolling back of former President Joe Biden's executive order on AI, that was intended to reduce the risks that AI poses to consumers, workers and national security.
AI requires enormous computing power, pushing demand for specialized data centers that enable tech companies to link thousands of chips together in clusters.
"They have to produce a lot of electricity, and we'll make it possible for them to get that production done very easily at their own plants if they want," Trump said.
As US power consumption rises from AI data centers and the electrification of buildings and transportation, about half of the country is at increased risk of power supply shortfalls in the next decade, the North American Electric Reliability Corporation said in December.
As a candidate in 2016, Trump promised to push a $1 trillion infrastructure bill through Congress but did not. He talked about the topic often during his first term as president from 2017 to 2021, but never delivered on a large investment, and "Infrastructure Week" became a punchline.
Oracle shares were up 7% on initial report of the project earlier in the day. Nvidia, Arm Holdings and Dell shares also rose.
Investment in AI has surged since OpenAI launched ChatGPT in 2022, as companies across sectors have sought to integrate artificial intelligence into their products and services.

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World

Trump Seeks $152 Mn to Revive Alcatraz as Federal Prison

FILE PHOTO: A view of Alcatraz prison complex located on Alcatraz Island in San Francisco Bay near San Francisco, California, US July 17, 2025. REUTERS/Carlos Barria/File Photo
FILE PHOTO: A view of Alcatraz prison complex located on Alcatraz Island in San Francisco Bay near San Francisco, California, US July 17, 2025. REUTERS/Carlos Barria/File Photo
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Trump Seeks $152 Mn to Revive Alcatraz as Federal Prison

FILE PHOTO: A view of Alcatraz prison complex located on Alcatraz Island in San Francisco Bay near San Francisco, California, US July 17, 2025. REUTERS/Carlos Barria/File Photo
FILE PHOTO: A view of Alcatraz prison complex located on Alcatraz Island in San Francisco Bay near San Francisco, California, US July 17, 2025. REUTERS/Carlos Barria/File Photo

US President Donald Trump asked Congress on Friday for $152 million to begin rebuilding the notorious Alcatraz prison, pressing ahead with his vision to return the former island lockup to active use.

The funding request, included in the White House's proposed 2027 budget, would cover the first year of converting the San Francisco Bay site into what officials describe as a "state-of-the-art secure prison facility."

Trump has pushed for reopening Alcatraz since last year, portraying it as a symbol of a tougher approach to crime, said AFP.

In a social media post at the time, he called for a "substantially enlarged and rebuilt" facility to house the country's most dangerous offenders.

The proposal comes as part of a broader Justice Department budget that emphasizes prison investment and law enforcement, though such requests are ultimately subject to approval by Congress.

Political news outlet Axios, citing administration officials, reported that any "supermax" prison complex at the site would have to be built from scratch -- putting the total cost at somewhere around $2 billion.

Alcatraz, which opened as a federal penitentiary in 1934, was once considered among the most secure prisons in the United States due to its isolated island location and the strong currents surrounding it.

It held a relatively small number of prisoners, including high-profile inmates such as Al Capone.

The island fortress entered American cultural lore after a 1962 escape by three inmates, which became an inspiration for the film "Escape from Alcatraz" starring Clint Eastwood.

It was closed in 1963 after officials determined it was too costly to maintain.

According to the Federal Bureau of Prisons, operating expenses were nearly three times higher than at other federal facilities, largely because all supplies -- including fresh water -- had to be transported to the island.

Since the early 1970s, Alcatraz has been managed by the National Park Service as part of the Golden Gate National Recreation Area and has become one of San Francisco's most popular tourist attractions, drawing more than a million visitors annually.

The White House argues that rebuilding the site would help modernize the federal prison system and expand capacity for high-risk inmates.

But critics have questioned both the practicality and cost of the plan, noting that the island's infrastructure would likely require extensive reconstruction.

Feasibility studies have already been conducted by federal agencies to assess whether a modern correctional facility could be established on the site, though no final decision has been made.

Any move to proceed could face political resistance given competing budget priorities and the site's current status as a major tourism and historical landmark.

World

French, Japanese Ships Cross Strait of Hormuz in First Since War

A cargo ship in the Gulf, near the Strait of Hormuz, as seen from northern Ras al-Khaimah, near the border with Oman’s Musandam governance, amid the US-Israeli conflict with Iran, in United Arab Emirates, March 11, 2026. (Reuters)
A cargo ship in the Gulf, near the Strait of Hormuz, as seen from northern Ras al-Khaimah, near the border with Oman’s Musandam governance, amid the US-Israeli conflict with Iran, in United Arab Emirates, March 11, 2026. (Reuters)
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French, Japanese Ships Cross Strait of Hormuz in First Since War

A cargo ship in the Gulf, near the Strait of Hormuz, as seen from northern Ras al-Khaimah, near the border with Oman’s Musandam governance, amid the US-Israeli conflict with Iran, in United Arab Emirates, March 11, 2026. (Reuters)
A cargo ship in the Gulf, near the Strait of Hormuz, as seen from northern Ras al-Khaimah, near the border with Oman’s Musandam governance, amid the US-Israeli conflict with Iran, in United Arab Emirates, March 11, 2026. (Reuters)

One French- and another Japanese-owned vessel are among a handful of vessels to have crossed the war-torn Strait of Hormuz, maritime tracking data showed Friday.

The passage, a vital maritime route for oil and liquified natural gas, has been virtually blocked by Iran since the start of the war, said AFP.

But both ships made the crossing on Thursday, according to ship tracking company Marine Traffic's website.

The Maltese-flagged Kribi belonging to the French maritime transport group CMA CGM crossed the waterway to leave the Gulf on Thursday afternoon, Marine Traffic's data showed.

By early Friday, it was off Muscat, Oman, still broadcasting the message "owner France" on its transponder system in the field usually used to give the destination.

The vessel's navigation data showed it had crossed via an Iranian-approved route through its waters, dubbed the "Tehran Toll Booth" by leading shipping journal Lloyd's List.

- Southern route -

In addition, three tankers -- including one co-owned by a Japanese company -- crossed the Strait of Hormuz on Thursday by taking an alternative, southern route.

They hugged close to the shore of Oman's Musandam Peninsula -- a first in nearly three weeks according to Lloyd's List.

Before the war, which started more than a month ago, about a fifth of global oil and liquefied natural gas (LNG) passed through the Strait.

All three ships signaled they were an "OMANI SHIP" in the message broadcast by their transponder as they crossed the strait.

The Sohar LNG, which was empty when crossing, is co-owned by Japanese shipping company Mitsui O.S.K.

That makes it the first Japanese vessel to exit the Gulf since the start of the war, according to a company statement quoted by Japanese media.

The Hong-Kong flagged New Vision, which crossed the strait on March 1 right after the war started, is expected in the French port of Le Havre on Saturday evening.

Since the conflict started however, that has dwindled to a trickle as Iran selectively attacks ships and energy facilities throughout the Gulf in retaliation for US and Israeli attacks.

A few commercial ships crossing the Strait of Hormuz recently have passed through the Iranian-approved route in the north of the waterway.

- Down to a trickle -

Just 221 commodities vessels have crossed the Strait of Hormuz since March 1, some more than once, according to Kpler data up to Friday morning.

In peacetime, the same waterway handles around 120 daily transits, according to Lloyd's List.

Of the vessels that made the crossing, 60 percent either came from Iran or were heading there.

It was not clear from the data how many had been cleared to make the crossing by Tehran.

But it did show that, among the 118 crossings by ships carrying cargo, 37 had left the Gulf carrying crude oil.

Most of those oil tankers -- 30 of them -- came from Iran or sailed under the Iranian flag. And most ships carrying Iranian oil did not specify their destination on their transponder.

Of those who did, all but one reported they were heading to China.

In the early days of the war, transponder data showed dozens of ships broadcasting messages such as "Chinese crew" or "Chinese owner" in the field usually used for their destination.

This appeared to be an attempt by the ships to avoid being targeted by Iran.

World

Iran Executes Two Linked to Opposition Group

Executions in Iran have surged in recent years - AFP
Executions in Iran have surged in recent years - AFP
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Iran Executes Two Linked to Opposition Group

Executions in Iran have surged in recent years - AFP
Executions in Iran have surged in recent years - AFP

Iran on Saturday executed two men it said were convicted of links to an opposition group, the People's Mojahedin Organization of ‌Iran, and ‌of carrying out armed ‌attacks, ⁠domestic media reported.

The ⁠executions were the latest in recent days of individuals with PMOI links.

The PMOI confirmed ⁠Saturday's executions, saying ‌in ‌a statement that Iran was "trying ‌to hide its ‌weakness by executing political prisoners, especially PMOI members and supporters." Four PMOI ‌members were executed earlier this week, ⁠it ⁠said.

The group said the two men executed on Saturday were arrested in January 2024 and had their death sentences upheld in December 2025.