Marty Cantor, a certified personal accountant and economic development consultant, joined Cheddar News' be Well to provide some expert tips on mortgages and general financial best practices. Cantor broke down the differences between a reverse mortgage and a home equity loan and who might benefit most from each.
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President Donald Trump is talking up a joint venture investing up to $500 billion for infrastructure tied to artificial intelligence by a new partnership formed by OpenAI, Oracle and SoftBank. The new entity, Stargate, will start building out data centers and the electricity generation needed for the further development of the fast-evolving AI in Texas, according to the White House. The initial investment is expected to be $100 billion and could reach five times that sum. While Trump has seized on similar announcements to show that his presidency is boosting the economy, there were already expectations of a massive buildout of data centers and electricity plants needed for the development of AI.
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