The Trump Administration has announced an AI infrastructure joint venture in the U.S. named “Stargate,” comprised of OpenAI, SoftBank Group SFTBF SFTBY, Oracle Corp ORCL, and Abu Dhabi's MGX. The venture will deploy $100 billion initially and up to $500 billion over the next four years.
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 announces a new US company called Stargate that will invest $500 billion in AI infrastructure, creating over 100,000 jobs. You've got questions about AI.
President Donald Trump on Tuesday announced that three leading companies would make a large investment in artificial intelligence infrastructure.
President Donald Trump is reportedly set to announce private sector investment of up to $500 billion in artificial intelligence infrastructure. The investment will come from OpenAI, SoftBank and Oracle, which are planning a joint venture called Stargate, CBS reported Tuesday (Jan. 21).
Japanese technology investor SoftBank Group Corp and its majority-owned Arm Holdings Plc are exploring a deal for Ampere Computing, a semiconductor firm headed by ex-Intel executives, Bloomberg News reported on Wednesday.
Around 400 current and former OpenAI employees are set for significant payouts through a stock sale arranged with Japan's SoftBank Group. The tech investment giant plans to purchase up to $1.6 billion in OpenAI shares at $210 per share, valuing the company at $157 billion, according to reports from the US overnight.
Japanese tech investment firm SoftBank will reportedly invest $100 billion in the United States over the next four years. SoftBank CEO Masayoshi Son announced the investment Monday (Dec. 16) at President-elect Donald Trump's Mar-a-Logo residence in Florida and said the money will be deployed by the end of Trump's term, CNBC reported Monday.
President-elect Donald Trump announced that SoftBank Group Corp. plans to invest $100 billion in the US over the next four years and create 100,000 jobs. SoftBank CEO Masayoshi Son made the announcement along side Trump at Mar-a-Lago in Florida.
Japanese multinational corporation SoftBank will invest $100 billion in the United States over the next four years, CEO Masayoshi Son announced during a joint appearance with President-elect Donald Trump on Monday. Trump said the investment would create 100,000 jobs focused on AI and related infrastructure during his term.
SoftBank CEO Masayoshi Son announced plans to invest $100 billion into U.S. companies during President-elect Donald Trump's upcoming term during an event at Mar-a-Lago on Monday.
SoftBank CEO Masayoshi Son discusses the company's $100 billion investment in the United States.