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Believe me, I'm no fan of the guy but for now he is trying to spin the Stargate thing as a job creating measure. Hell, in the short-to-medium term, it could well spur some short-lived economic benefits within the US. Beyond that though, it will probably be disastrous. I really hope world governments have the sense to develop countermeasures as soon as possible, with high priority.
There's going to be a lot of economic benefits to those who supported his campaign.
Yup, even if the short-lived boost I mentioned was about the people who will do work in the datacentres, he's really doing this to benefit the tech billionaires he has swarming around him lately.
That money will be paid out to cronies and will never lead to any new jobs or technology. It's a naked giveaway.
It's great because when the AI bubble pops everyone will just say "damn, THAT'S why there is nothing to show for it" while his bros waddle off with pockets just bursting with money.
They're definitely going to make criminal amounts of money off this one way or another, but he still has to put up a pretense (like the incomplete border wall).
Also, I don't know about Masayoshi Son, but I suspect this is a prestige thing for Sam Altman and Larry Ellison, among their billionaire buddies. I don't know if Altman in particular is going to be okay with just bailing from something high profile.
I can't help envisioning long-term corporate welfare here (similar to Musk companies, hence his jealous jabs about it), nominal jobs (with a sudden loss of job security as soon as AI can replace them), and horrid potential uses for the AI advances they do make.