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.
OpenAI, SoftBank, Oracle, and MGX Launch The Stargate Project to Invest $500 Billion in US AI Infrastructure
At the core of this initiative is the formation of a new company, The Stargate Project, a joint venture between OpenAI, SoftBank, Oracle, and MGX. Over the next four years, this project will invest an astonishing $500 billion to develop cutting-edge AI infrastructure in the U.S., aiming to secure the country’s leadership in artificial intelligence.
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 ...
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Trump to announce AI infrastructure investment in TexasPresident Donald Trump is expected to announce a "massive" new infrastructure initiative on his first full day in office, the White House said on Tuesday.
President Donald Trump announced the $500 billion Stargate Project in Texas to advance AI research, starting with a data ...
SoftBank and OpenAI are backing a significant AI infrastructure project in the US, which includes major investments, new ...
A plan to build a system of data centers for artificial intelligence has been revealed in a White House press conference, ...
OpenAI has announced that it's teaming up with Softbank and Oracle on $100 billion data center project in the U.S.
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