Trump's $500B 'Stargate' AI Plan, Rachel Reeves' Defiance in Davos | The Opening Trade 01/22
January 22, 2025
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1:42:08Now PlayingTrump's $500B 'Stargate' AI Plan, Rachel Reeves' Defiance in Davos | The Opening Trade 01/22
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as posted by the channelSoftBank, OpenAI, and Oracle are forming a $100 billion joint venture to fund artificial intelligence infrastructure, an effort unveiled with President Donald Trump aimed at speeding development of the emerging technology. Debt interest costs pushed up UK government borrowing more than predicted last month, putting Chancellor of the Exchequer Rachel Reeves on course to overshoot official forecasts this year. Despite a faltering economy and backlash against approving controversial projects aimed at boosting growth, Reeves claimed the UK’s public finances are “now in order,” said no promises can be made regarding cutting the tax burden, and is “absolutely” relaxed about wealth creation. The Opening Trade has everything you need to know as markets open across Europe. With analysis you won't find anywhere else, we break down the biggest stories of the day and speak to top guests who have skin in the game. Hosted by Guy Johnson and Kriti Gupta.
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