President Donald Trump is due to announce private sector investment of up to $500 billion of artificial intelligence infrastructure on Tuesday, two sources told Reuters.
OpenAI, SoftBank and Oracle plan a joint venture called Stargate, and have committed $100 billion initially and then up to $500 billion into Stargate over the next four years, the sources said.
CBS first reported the expected announcement.
SoftBank CEO Masayoshi Son, OpenAI’s Sam Altman and Oracle’s Larry Ellison are due at the White House on Tuesday, according to the CBS report.
Oracle and SoftBank did not immediately respond to requests for comment.
Oracle shares were up 6% on the reports. Nvidia, Arm Holdings and Dell shares also rose.
In March 2024, The Information, a technology news website, reported OpenAI and Microsoft were working on plans for a $100 billion data center project that would include an artificial intelligence supercomputer also called “Stargate” set to launch in 2028. It was not immediately clear if the announcement was an update to this previously reported venture.
Investment in AI has surged since OpenAI launched ChatGPT in 2022, as companies across sectors seek to integrate artificial intelligence into their products and services. AI requires enormous computing power, pushing demand for specialized data centers that enable tech companies to link thousands of chips together in clusters.
—Costas Pitas and Anna Tong, Reuters
Jelentkezéshez jelentkezzen be
EGYÉB POSTS Ebben a csoportban
For well over a decade now, consumers have been used to new iPhones coming out in the fall, like clockwork. However, according to a series of reports, Apple may be planning to change its iPhone re
Booking travel has become a bit of a game—especially if you want to get the best possible prices and avoid getting ripped off.
That’s because hotels and airlines have developed the lovel
Uber is facing internal staff unrest as it attempts to implement a three-day-per-week return to office (RTO) mandate and stricter sabbatical eligibility.
An all-hands meeting late
A study has confirmed what we all suspected: “K” is officially the worst text you can send.
It might look harmless enough, but this single letter has the power to shut down a conversatio
SoundCloud is facing backlash after creators took to social media to complain upon discovering that the music-sharing platform uses uploaded music to train its AI systems.
According to S
The Trump administration on Thursday proposed a multibillion-dollar overhaul of a
