President Trump announces a $100B private sector AI infrastructure project led by tech giants.

President Trump is set to announce a massive private sector investment in artificial intelligence infrastructure. OpenAI, SoftBank, and Oracle are teaming up for a joint venture called Stargate, with an initial $100 billion investment, potentially growing to $500 billion over four years. The project begins with a data center in Texas. Shares of involved companies like Oracle have seen a boost in value.

2 months ago
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