SoftBank Joins OpenAI, Oracle in AI Pact Unveiled by Trump
- Companies plan ‘Stargate’ venture worth at least $100 billion
- Industry racing to expand data center, energy capacity for AI
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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.
“We’re starting off with tremendous investment coming into our country at levels that nobody’s really ever seen before,” Trump said at the White House on Tuesday.