SoftBank Shares Jump After Unveiling $500 Billion Venture With OpenAI
SoftBank Group shares jumped after the company and ChatGPT-maker OpenAI announced plans to invest up to half a trillion dollars in artificial-intelligence infrastructure in the U.S. Shares rose 8.8% to 10,060 yen, or equivalent to $64.69, on Wednesday in Tokyo, after climbing as much as 9.2% earlier, to their highest level since July.
Trump to announce $100bn+ Stargate AI data center investment from OpenAI, SoftBank, and Oracle
President Donald Trump plans to announce an enormous AI infrastructure investment in the US. CBS, NYT, and the Financial Times report that OpenAI, SoftBank, and Oracle aim to set up a joint venture called Stargate, with a plan to commit $100 billion at first and up to $500bn over the next four years.
Masayoshi Son of SoftBank, Sam Altman of OpenAI and Larry Ellison of Oracle joined Trump for the $500 billion announcement.
Joint venture Stargate will be building out data centers and beefing up electricity generation to support the fast-evolving ...
OpenAI has announced that it's teaming up with Softbank and Oracle on $100 billion data center project in the U.S.
President Donald Trump announced the $500 billion Stargate Project in Texas to advance AI research, starting with a data ...
While SoftBank will be financially responsible, OpenAI will be operationally responsible for building AI infrastructure in ...
Oracle stock jumped 6% on a report that Trump plans to announce billions of dollars in private sector investment to build ...
A key focus of the Stargate project is to facilitate the development of Artificial General Intelligence (AGI), a level of AI ...
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