OpenAI, SoftBank, Oracle to invest $500 bln in AI, Trump says-February 2024-www.financetom.com

OpenAI, SoftBank, Oracle to invest $500 bln in AI, Trump says

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OpenAI, SoftBank, Oracle to invest $500 bln in AI, Trump says

Jan 21, 2025 3:00 PM

Jan 21 (Reuters) - President Donald Trump on Tuesday

announced that three leading companies would make a large

investment in artificial intelligence infrastructure.

OpenAI, SoftBank (9984.T), and Oracle (ORCL.N) will form a

joint venture called Stargate, with a plan to invest $500

billion, Trump said at the White House.

Trump said he will help facilitate the project with

emergency orders.

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