Jan 22nd, 2025

Trump Unveils SoftBank, OpenAI and Oracle in AI Pact

SoftBank Group Corp., OpenAI, and Oracle Corp. are forming a joint venture to fund artificial intelligence infrastructure, with an initial investment of $100 billion. The joint venture aims to build new infrastructure for OpenAI, including data centers and physical campuses, with a goal of increasing investment to at least $500 billion. The initiative, dubbed "Stargate," will be led by SoftBank's Masayoshi Son as chairman, with SoftBank and OpenAI as lead partners, and will involve technology partnerships with Arm Holdings Plc, Microsoft Corp., and Nvidia Corp. Bloomberg Intelligence's Anurag Rana reports on Bloomberg Intelligence