Background: After Donald Trump has officially became the President of the US earlier this week, he has been signing off a range executive orders.

What happened: One of his first executive orders was a $500 billion USD joint venture in the AI space called “Stargate”. Stargate's purpose is to encourage investment in physical and digital infrastructure of AI in the US - or as Trump calls them, “very very massive structures”.

‍What else: The US has already invested billions into the development of AI - but Trump wants Stargate to maintain the US lead in developing AI ahead of China.  And some of the big dogs of the AI industry will be tipping in as part of this private sector investment including OpenAI, Oracle and Softbank. And this has already caused beef with Trump's bestie, Elon Musk who claims these companies don't have the money to fund this project.

What's the key learning?

💡Public-private partnerships are collaborative agreements between governments and private sector companies. The government brings the mission, and the private sector brings the tech, innovation and cash.

💡Together, they get the job done with less risk for government funding and pretty chunky financial incentives for the private sector.

💡These public-private partnerships happen all over the world - even here in Australia where many of the major toll-roads like CityLink in Melbourne or Sydney Metro Northwest are all public private partnerships.