SoftBank Group Corp., OpenAI, and Oracle Corp. are forming a $100 billion joint venture to fund artificial intelligence infrastructure, an effort unveiled with President Donald Trump aimed at speeding development of the emerging technology.
Salesforce CEO Marc Benioff said that the two AI leaders, Sam Altman and Mustafa Suleyman do not care for each other.
U.S. President Donald Trump announced Stargate, a $500 billion AI infrastructure project that's expected to provide 100,000 jobs and boost the American economy, but Elon Musk believes the three companies leading the project don't have the funds.
Under the Trump administration, OpenAI and other members of the tech sector are making a push to establish AI dominance in the U.S.
SoftBank Group shares jumped after the company and ChatGPT-maker OpenAI announced plans to invest up to half a trillion dollars in artificial-intelligence infrastructure in the U.S. Shares rose 8.8% to 10,060 yen, or equivalent to $64.69, on Wednesday in Tokyo, after climbing as much as 9.2% earlier, to their highest level since July.
Microsoft on Tuesday said it has changed some key terms of a deal with OpenAI after the ChatGPT creator announced a joint venture with Oracle and Japan's SoftBank Group to build up to $500 billion of new AI data centers in the United States.
The dependency dance between AI pioneer OpenAI and the Microsoft Azure cloud and the application software divisions of its parent company are fascinating
US President Donald Trump announced that OpenAI, SoftBank Group and Oracle will unveil Stargate and invest $500 billion over the next four years to help the United States stay ahead of China and other rivals in the global AI race.
Global stocks steadied on Thursday, as a rally fuelled by Donald Trump's spending plans for artificial intelligence infrastructure fizzled and caution set in over what the new U.S. president's next moves on trade might be.
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'They Don't Have The Money': Musk Takes A Shot At Tump's $500-Bn Stargate AI Project, OpenAI's Altman DefendsUnveiled as a joint effort involving OpenAI, Oracle, and SoftBank, Stargate’s initial phase comes with a private investment of $100 billion. Trump hailed the venture as a testament to America’s innovative strength, describing it as a game-changer for the country’s AI ecosystem.
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Did Musk Go Against Trump for the First Time?Elon Musk claimed on Tuesday that tech giants OpenAI, Oracle, and SoftBank lack the funds to fulfill their $500 billion dollar commitment to U.S.
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