Microsoft (NASDAQ:MSFT), and Arm Holdings (NASDAQ:ARM) rallied after announcing a groundbreaking $500 billion artificial intelligence initiative with OpenAI. The
Investing.com-- Shares of cloud computing firm Oracle (NYSE: ORCL) rose sharply on Tuesday, while those of Nvidia (NASDAQ: NVDA) and Microsoft (NASDAQ: MSFT) also advanced after the companies entered a $500 billion artificial intelligence venture with OpenAI.
President Trump announced a major AI infrastructure investment of “at least $500 billion,” signaling a willingness to work alongside large tech companies.
Nvidia (NVDA) has solidified its position as a leader in the technology industry, especially within the semiconductor space. No other semiconductor company has experienced growth as explosive as Nvidia’s.
Larry Ellison unveiled plans for an AI-driven cancer vaccine system that could deliver personalized treatments within 48 hours.
AI initiative Stargate, backed by Oracle, OpenAI, and SoftBank, will focus on infrastructure, starting with data centers in Texas.
Trump’s second inauguration set the stage for a tech-led market rally that investors can’t afford to ignore. The post Tech Stocks Soar: “Magnificent 7” Lead the Way After Trump’s Inauguration appeared first on The Smart Investor.
Microsoft said it has "revenue sharing agreements that flow both ways" with OpenAI. "The key elements of our partnership remain in place for the duration of our contract through 2030, with our access to OpenAI’s IP, our revenue sharing arrangements and our exclusivity on OpenAI’s APIs all continuing forward," Microsoft said.
The rapid advancement of artificial intelligence (AI) has brought transformative changes to numerous industries, placing AI-focused companies in the spotlight. One such company is SoundHound AI (SOUN),
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Catch up on the top artificial intelligence news and commentary by Wall Street analysts on publicly traded companies in the space with this