The $500 billion Stargate project will be critical to "maintain American leadership in AI," one of the partners said in a statement.
The Trump administration will ease the way for OpenAI, Oracle, MGX, and SoftBank to build a generative AI computing system.
· 6h · on MSN
SoftBank Joins OpenAI, Oracle in AI Pact Unveiled by Trump
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 touts new AI project by Softbank, Oracle and OpenAI
Now that it's the world's most valuable company, some investors might believe the time to buy Nvidia has already passed, but these developments show that's not the case. Furthermore, the stock is currently selling for just 32 times next year's expected sales, a remarkably attractive price for a company with so much opportunity.
Shares of Nvidia, Microsoft, Oracle, and other AI-related companies surged Wednesday after the Trump administration’s announcement of a $500 billion joint venture spurred optimism about a rising tide of AI investments.
OpenAI has announced that it's teaming up with Softbank and Oracle on $100 billion data center project in the U.S.
Microsoft on Tuesday said it has changed some key terms of a deal with OpenAI after the ChatGPT creator announced a joint venture with Oracle and Japan’s SoftBank Group to build up to $500 billion of new AI data centers in the United States.
U.S. stock index futures held steady Wednesday evening after the SP 500 hit a record high, driven by Netflixs strong earnings and optimism over President Donald Trumps AI investment initiative. SP 500 Futures were flat
Tech titan Elon Musk cast doubt Wednesday on a $500 billion AI project announced by US President Donald Trump, saying the money promised for the investment actually wasn't there.
SK Hynix Inc. reported a record quarterly profit after the company extended its lead in advanced memory chips for datacenters and artificial intelligence development.Most Read from BloombergTexas HOA
SK Hynix Inc. earned a record quarterly profit after the company extended its lead in memory chips used in datacenters and artificial intelligence development.
Some results have been hidden because they may be inaccessible to you
Show inaccessible results
Feedback