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.
The executive order directs the Department of Defense and the Department of Energy to lease federal sites to companies building AI infrastructure.
SoftBank Group Corp., OpenAI, and Oracle Corp. are forming a $100 billion joint venture to fund artificial intelligence infrastructure, an effort unveiled with President Donald Trump aimed at speeding development of the emerging technology.
President Trump hosted executives from Softbank, OpenAI and Oracle at the White House Tuesday to announce “Stargate,” a $500BN private-sector plan to build new AI data centers.
U.S. President Donald Trump announces a $500 billion private sector investment for AI infrastructure. A Texas-based venture, Stargate, backed by OpenAI, SoftBank, and Oracle, aims to develop AI supercomputing capabilities.
Recently appointed president Trump has announced a significant private sector investment to develop OpenAI's infrastructure.
President Donald Trump, from left, speaks as Masayoshi Son, SoftBank Group CEO ... overturned the 2023 order signed by then-President Joe Biden to create safety standards and watermarking of ...
The president shared that OpenAI, Softbank ... Biden Administration, including retired Gen. Mark Milley of the National Infrastructure Advisory Council. Milley received a pardon from former ...
Joining Trump for the announcement fresh off his inauguration will be Masayoshi Son of SoftBank ... the 2023 order signed by then-President Joe Biden to create safety standards and watermarking ...
The joint venture, called Stargate, would see tech companies OpenAI, SoftBank and Oracle initially invest a combined ... The announcement came a day after Trump rolled back one of his predecessor Joe Biden's executive orders, aimed at ensuring safety ...
Trump said the project, named Stargate, would be a joint venture between ChatGPT creator OpenAI, Softbank and Oracle ... slammed former President Joe Biden for pardoning his son Hunter, brother ...