Trump Announces $500B 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