Oracle stock climbs 7% as Trump is expected to announce its joint AI venture with OpenAI and Softbank

Oracle stock climbs 7% as Trump is expected to announce its joint AI venture with OpenAI and Softbank

Oracle co-founder and CTO Larry Ellison during the 2014 Oracle Open World Conference on September 28, 2014 in San Francisco, California.
Photo: Kimberly White (Getty Images)

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Oracle (ORCL-1.80%) stock closed up by more than 7% on Tuesday amid reports of a joint venture with OpenAI and Softbank (SFTBY+0.46%).

The three tech companies are planning a joint venture called Stargate for artificial intelligence…

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https://qz.com/oracle-stock-trump-joint-venture-ai-openai-softbank-1851744190