Silicon Valley is at an inflection point

On his second day in office this year, President Trump underscored his unequivocal support for the tech industry. Standing at a lectern next to tech leaders, he announced the Stargate Project, a plan to pump $500 billion in private investment over four years into artificial intelligence infrastructure. For comparison: The Apollo mission, which sent the first men to the moon, spent around $300 billion in today’s dollars over 13 years. Sam Altman, OpenAI’s chief executive, played down the investment. “It sounds crazy big now,” he said. “I bet it won’t…