US tech giants announce AI plan worth up to $500bn

US tech giants announce AI plan worth up to 0bn

Getty Images US President Donald Trump, Larry Ellison, co-founder and executive chairman of Oracle Corp., Masayoshi Son, chief executive officer of SoftBank Group Corp., and Sam Altman, chief executive officer of OpenAI Inc., in the Roosevelt Room of the White House in Washington, DC, US.Getty Images

OpenAI, Oracle and Softbank form joint venture to build artificial intelligence infrastructure

OpenAI is teaming up with Oracle and Softbank to build data centres equipped to power artificial intelligence (AI), with plans to invest $100bn “immediately”.

Flanked by the bosses of the three companies at the White House, US President Donald Trump said the plan is a “resounding declaration of confidence in America’s potential”.

OpenAI has previously called for major investments in…

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