:max_bytes(150000):strip_icc()/GettyImages-2193659092-a4314c59dbb049d1b46854773b9b1ed0.jpg?w=1024&resize=1024,1024&ssl=1 "Oracle Stock Jumps on Reports Trump Could Announce AI Joint Venture")
Key Takeaways
- Oracle shares surged Tuesday after reports that President Trump could soon announce an artificial intelligence initiative involving the software maker.
- Trump is expected to announce a joint venture involving Oracle, OpenAI and SoftBank, called Stargate, to build AI infrastructure in the U.S., CBS News reported.
- The companies reportedly could commit $100 billion to start, and as much as $500 billion over the next four years toward the initiative.
Oracle (ORCL) shares surged…
Article Source
https://www.investopedia.com/oracle-stock-jumps-on-reports-trump-could-announce-ai-joint-venture-8778027