The initiative announced by President Donald Trump will aim to "secure American leadership in AI" while also creating jobs and economic benefit.
Shares of SoftBank Group Corp. jumped as much as 8.1% after US President Donald Trump announced a multi-billion dollar push by the Japanese company, OpenAI and Oracle Corp. to build AI infrastructure in the US.
President Donald Trump talked up a joint venture investing up to $500 billion for infrastructure tied to AI by a new partnership formed by OpenAI, Oracle and SoftBank.
Trump was joined by Oracle founder Larry Ellison, OpenAI CEO Sam Altman, and SoftBank CEO Masayoshi Son, who said the investment would start with $100 billion, plus a goal of $500
OpenAI CEO Sam Altman, Oracle founder Larry Ellison and SoftBank CEO Masayoshi Son comment on President Trump’s Stargate AI investment project in an interview with FOX News anchor Bret Baier on ‘Special Report.
The $500 billion Stargate project will be critical to "maintain American leadership in AI," one of the partners said in a statement.
President Trump announced The Stargate Project, a massive AI infrastructure initiative that could cement the U.S. as the global leader in this technology. Explore its goals and implications.
Some of the biggest names in technology have clashed after President Donald Trump unveiled his $500 billion private AI investment project.
U.S. President Donald Trump announced Stargate, a $500 billion AI infrastructure project that's expected to provide 100,000 jobs and boost the American economy, but Elon Musk believes the three companies leading the project don't have the funds.
On his first full day in office, President Donald Trump announced a half-trillion-dollar AI initiative that will begin at Abilene's Lancium campus.
President Trump dismissed Elon Musk’s doubts about the $500 billion “Stargate” AI project, citing personal differences. OpenAI CEO Sam Altman defended the project and invited Musk to visit the construction site.