:max_bytes(150000):strip_icc()/GettyImages-2193659092-a4314c59dbb049d1b46854773b9b1ed0.jpg?resize=1500,1000&ssl=1 "Trump Announces 0B AI Joint Venture With Oracle, OpenAI, and SoftBank")
Key Takeaways
- President Trump on Tuesday announced a joint venture with Oracle, OpenAI, and SoftBank to build AI infrastructure in the U.S.
- The companies said they would commit $100 billion to start, and as much as $500 billion over the next four years toward the initiative, called Stargate.
- Oracle shares surged Tuesday ahead of the announcement, leaving them up more than 50% over the past 12 months.
President Donald Trump on Tuesday announced a joint venture with Oracle (ORCL), OpenAI, and…
Article Source
https://www.investopedia.com/trump-announces-usd500b-ai-joint-venture-with-oracle-openai-and-softbank-8778027
