Trump announces AI infrastructure investment backed by Oracle, OpenAI and Softbank
Publishing timestamp: 2025-01-21 19:05:41
Summary
President Trump announced a joint venture with OpenAI, Oracle, and Softbank to invest billions in artificial intelligence infrastructure in the U.S. The project, called Stargate, aims to keep AI development in the country and will involve constructing data centers in Texas. Softbank's Son will be the chairman of Stargate, with other technology partners involved. The total investment is expected to be between $100 billion and $500 billion over the next four years.
Sentiment: POSITIVE
Keywords: technology, donald trump, masayoshi son, larry ellison, elections, politics, oracle corp, softbank group corp, donald j. trump, business news, breaking news: technology, breaking news: politics, united states,
Source: https://www.cnbc.com/2025/01/21/trump-ai-openai-oracle-softbank.html