Trump's Stargate project receives high praise from AI executives: "This is a massive investment with far-reaching implications for all of humanity."

The three tech CEOs who are part of President Donald Trump's multi-billion dollar artificial intelligence infrastructure project argued that the project is an investment that positively affects all of humanity.

On "Special Report" on Tuesday, Bret Baier of Planet Chronicle interviewed Larry Ellison, the founder of Oracle, who stated that this significant investment has far-reaching consequences for all of humanity.

On the first day of his second term, President Trump presented a large-scale AI infrastructure project funded by the private sector.

At the White House, Trump declared that Softbank, OpenAI, and Oracle have united for a project called Stargate, aimed at establishing data centers in the U.S. to support AI.

Stargate investment has the potential to revolutionize healthcare and other industries, as emphasized by Ellison.

""The investment in medicine is huge, but the result will be vaccines that prevent cancer and personalized medicine that will never cause another pandemic like COVID-19. We will know when COVID starts, with just a handful of patients, rather than waiting until it becomes an epidemic," he said."

Over the next four years, the project will grow from an initial investment of $100 billion to $500 billion, with the first data center being constructed in Texas and eventually expanding to other states.

"Creating A.I. and A.G.I. in the United States of America was not immediately apparent, but OpenAI CEO Sam Altman believes it would have been impossible under a different president. However, he is excited about the opportunity and believes it will benefit Americans and the world as a whole."

A.I. pioneers must be "cautious" in developing the technology.

I believe people are capable of achieving great things with technology, despite the massive investment required. However, the scale of this investment indicates the potential for significant progress in the technology. Although I am confident that we will overcome any challenges, I am aware that the task ahead is daunting.

Prior to his second term, Trump was actively seeking private business investments in the U.S. Last month, Son joined Trump in announcing Softbank's plans for a $100 billion investment in America aimed at creating 100,000 new jobs.

To ensure a prosperous future for humanity, it is crucial that we receive significant capital investment for our project. We cannot achieve this with limited funds. As SoftBank CEO Masayoshi Son stated, "We must make a substantial investment for the greater good of humanity." This aligns with Trump's promise to bring about a new era of prosperity in America.

A White House official disclosed to FOX Business that Trump has secured $1 trillion in private investment for the U.S. following the election, for various projects.

FOX Business' Breck Dumas contributed to this report.