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WSJ What’s News

U.S.’ $500 Billion AI Project Struggles to Launch

WSJ What’s News

The Wall Street Journal

News, Daily News

44K Ratings

🗓️ 22 July 2025

⏱️ 12 minutes

🧾️ Download transcript

Summary

A.M. Edition for July 22. Six months in, Stargate has so far failed to complete a single deal for a data center despite the Trump administration’s ambitions. The WSJ’s Eliot Brown says OpenAI is instead finding other partners. Plus, Chinese and European leaders are set to meet in Beijing this week, as the global economy seems to shrug off tariff uncertainties. And why more college graduates are starting their careers in America’s secondary cities. Azhar Sukri hosts. Sign up for the WSJ’s free What’s News newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

Race the rudder, raise the sails, raise the sales!

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0:21.4

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0:26.6

That's LinkedIn.com slash lead. Terms and conditions apply.

0:33.8

Failure to launch, the US's $500 billion AI project Stargate is struggling to get off the ground.

0:42.1

Plus, Chinese and European leaders will meet as both sides try to navigate the U.S. trade war

0:48.3

and why more college graduates are starting their careers in America's secondary cities.

0:55.4

Let's just say that these cities aren't typically their first choice.

0:59.0

You might have been able to be selective and say, I will only move here, but they don't have

1:02.9

that luxury anymore.

1:03.8

So in some cases, it really is not their second or third choice, but it's the only choice

1:08.6

they have in the tough market.

1:10.2

It's Tuesday, July the 22nd.

1:12.5

I'm Azhar Sukre for the Wall Street Journal.

1:15.4

Here is the AM edition of What's News,

1:18.1

the top headlines and business stories moving your world today.

1:25.8

On the day after President Trump's return to the White House, the heads of soft bank and open AI stood next to the president as a $500 billion effort was unveiled to supercharge America's artificial intelligence ambitions.

1:41.2

But in the six months since the announcement of Stargate, we are exclusively

1:46.1

reporting that the project is struggling to get off the ground and has sharply scaled back

...

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