President Donald Trump talked up a joint venture investing up to $500 billion for infrastructure tied to AI by a new partnership formed by OpenAI, Oracle and SoftBank.
The executive order directs the Department of Defense and the Department of Energy to lease federal sites to companies building AI infrastructure.
Hours after returning to the White House, President Donald Trump made a symbolic mark on the future of artificial intelligence by repealing former President Joe Biden’s guardrails for the fast-develop
SoftBank Group Corp., OpenAI, and Oracle Corp. are forming a $100 billion joint venture to fund artificial intelligence infrastructure, an effort unveiled with President Donald Trump aimed at speeding development of the emerging technology.
President Trump hosted executives from Softbank, OpenAI and Oracle at the White House Tuesday to announce “Stargate,” a $500BN private-sector plan to build new AI data centers.
When Biden's AI Order was established, half a dozen US politicians applauded the measure alongside industry executives like Microsoft President Brad Smith, who called it a "critical step forward in the governance of AI technology" (In October, Microsoft founder Bill Gates quietly supported Kamala Harris for president with a $50 million donation).
Recently appointed president Trump has announced a significant private sector investment to develop OpenAI's infrastructure.
The announcement on Trump's second day in office follows the rolling back of former President Joe Biden's executive order on AI, that was intended to reduce the risks artificial intelligence poses to consumers,
U.S. President Donald Trump announces a $500 billion private sector investment for AI infrastructure. A Texas-based venture, Stargate, backed by OpenAI, SoftBank, and Oracle, aims to develop AI supercomputing capabilities.
President Donald Trump, from left, speaks as Masayoshi Son, SoftBank Group CEO ... overturned the 2023 order signed by then-President Joe Biden to create safety standards and watermarking of ...
The president shared that OpenAI, Softbank ... Biden Administration, including retired Gen. Mark Milley of the National Infrastructure Advisory Council. Milley received a pardon from former ...