BUZZ-Oracle rises on reports of OpenAI, SoftBank joint venture
ReutersJan 21, 2025 6:56 PM
Shares of cloud service provider Oracle ORCL.N rise 6.1% to $170.84
President Donald Trump is due to announce private sector investment of up to $500 bln of AI infrastructure on Tuesday - sources
OpenAI, SoftBank 9434.T and ORCL are planning a joint venture called Stargate; have committed $100 bln initially in the joint venture, and then up to $500 bln over the next four years - sources
ORCL's shares rose ~58% in 2024
(Reporting by Jaspreet Singh in Bengaluru)
((Jaspreet.Singh@thomsonreuters.com ; https://twitter.com/i_jass))
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