OpenAI, SoftBank, Oracle to invest $500 bln in AI, Trump says
ReutersJan 21, 2025 10:31 PM
Jan 21 (Reuters) - President Donald Trump on Tuesday announced that three leading companies would make a large investment in artificial intelligence infrastructure.
OpenAI, SoftBank (9984.T), and Oracle (ORCL.N) will form a joint venture called Stargate, with a plan to invest $500 billion, Trump said at the White House.
Trump said he will help facilitate the project with emergency orders.
(Reporting by Steve Holland; Writing by Ryan Patrick Jones)
((ryan.jones@thomsonreuters.com;))
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