SoftBank Joins OpenAI, Oracle in AI Pact Unveiled by Trump

SoftBank Joins OpenAI, Oracle in AI Pact Unveiled by Trump

(Bloomberg) — SoftBank Group Corp., OpenAI, and Oracle Corp. are forming a $100 billion joint venture to fund artificial intelligence infrastructure, an effort unveiled with President Donald Trump aimed at speeding development of the emerging technology.

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“We’re starting off with tremendous investment coming into our country at levels that nobody’s really ever seen before,” Trump said at the White House on Tuesday.

The president was joined by…

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https://finance.yahoo.com/news/trump-announce-ai-investment-push-181306141.html