Trump’s Stargate Project Is a Million Miles From Foxconn Wisconsin
President Donald Trump and then-Foxconn Chairman Terry Gou, second from right, are among those turning shovels of dirt at the June 2018 groundbreaking for a Foxconn manufacturing plan in Wisconsin that didn’t live up to its promises.
Photographer: BRENDAN SMIALOWSKI/AFP via Getty Images
Welcome to Tech In Depth, our revamped daily newsletter with reporting and analysis about the business of tech from Bloomberg’s journalists around the world. Today, Austin Carr looks at the AI infrastructure proposal called Stargate and points out that a much-heralded tech project during President Trump’s first term in office didn’t live up to its billing.
Out of the DeepSeek blue: Global tech stocks were rocked by the sudden surge to prominence of DeepSeek, a Chinese startup developing AI models to rival OpenAI, whose chatbot app took the top spot for iPhone downloads in the US. DeepSeek is seen as a compelling counterpoint to expectations of US AI dominance.