The effort was described as a $500 billion investment in artificial intelligence. Read how a small Texas city with a population of about 130,000 fits into the plans.
Trump's first day saw a barrage of executive orders, 26 in total, that are a record for a President's first day. Click here for more insights.
Oracle (ORCL) stock closed up by more than 7% on Tuesday amid reports of a joint venture with OpenAI and Softbank (SFTBY).
Larry Ellison unveiled plans for an AI-driven cancer vaccine system that could deliver personalized treatments within 48 hours.
SoftBank CEO Masayoshi Son's plan to invest billions in AI in the United States shows one way to handle the new Trump administration: go big and deal with the details later.
President Donald Trump said he is in favor of Elon Musk or Larry Ellison buying TikTok as he offered his latest thinking on what a deal might look like to save the US operations of the social media platform.
President Donald Trump has announced the "Stargate" project, a new initiative to expand AI infrastructure across the United States. Major tech companies, including Oracle (ORCL) and OpenAI ...
In addition to Trump, you can guarantee that virtually every tech company will mention AI revenue and spending. According to Jefferies analyst Brent Thill, Microsoft should report improved AI consumption and continued spending, something investors have been hoping for as the company works to meet customer demand for AI infrastructure.
One of the Trump White House's first big announcements aligned itself with the artificial intelligence boom. In a splashy announcement on his second day in office, President Trump told Americans that a new $500 billion project — backed by SoftBank (SFTBY),
Nvidia remained above the 50-day moving average Friday. Late Tuesday, President Donald Trump announced a joint venture called Stargate involving OpenAI, Oracle, SoftBank and other companies that will invest up to $500 billion in four years to build data centers and other infrastructure for AI applications.
Stargate: Analysts have noted that Microsoft has become less willing to spend even more money financing the computing power OpenAI requires to retain a lead in AI.