Trump named venture capitalist David Sacks as his AI and cryptocurrency czar in December.

Mr Trump’s hosting the next day of the launch of “the largest ai infrastructure project in history” shows he grasps the potential. But so does the rest of the world—and most of all, China. Even as Mr Trump was giving his inaugural oration,

President Donald Trump talked up a joint venture investing up to $500 billion for infrastructure tied to AI by a new partnership formed by OpenAI, Oracle and SoftBank.

Oracle founder Larry Ellison said the Stargate project, a joint venture with OpenAI and Softbank, will help to fuel the development of a cancer vaccine.

Former President Trump has announced an unprecedented $500 billion AI infrastructure initiative called "The Stargate Project," partnering with tech giants.

President Donald Trump signed an executive order that will revoke past government policies his order says “act as barriers to American AI innovation.”

One further force promoting AI innovation could be defence spending. America puts only a tiny fraction of its $850bn defence budget into AI. Silicon Valley executives hope that the Trump administration will allow more participation by startups building AI weapons and systems in the competition for defence contracts.

Stargate — the joint venture between OpenAI, Softbank and Oracle — is starting its AI infrastructure plans with 10 data centers in Texas.

Though Trump is set to reshape the future of AI in America, there's another corporate investment set to take off under his leadership.

Tuesday saw the World Economic Forum in Davos begin in earnest. Not even a star turn from David Beckham could stop AI dominating conversations.