Stargate: Softbank, OpenAI and Oracle’s ambitious $500 billion joint AI pact, explained | Company Business News

United States President Donald Trump earlier today unveiled a $100 billion “immediate” joint venture between SoftBank Group, OpenAI and Oracle Corporation to invest in artificial intelligence (AI) infrastructure, with aim to increase the fund to $500 billion, Bloomberg reported.

“We’re starting off with tremendous investment coming into our country at levels that nobody’s really ever seen before,” Donald Trump told reporters at the Roosevelt Room in the White House on January 21…