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OpenAI, SoftBank, Oracle to invest $500 billion in AI, Trump says

01/21/2025

Less than a minute

2025.01.21 17:53

(Reuters) – President Donald Trump on Tuesday announced that three leading companies would make a large investment in artificial intelligence infrastructure.

© Reuters. SoftBank CEO Masayoshi Son speaks after U.S. President Donald Trump delivered remarks on AI infrastructure, next to Oracle co-founder Larry Ellison and OpenAI CEO Sam Altman at the Roosevelt room at White House in Washington, U.S., January 21, 2025. REUTERS/Carlos Barria

OpenAI, SoftBank (TYO:.T), and Oracle (NYSE:.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.

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01/21/2025

Less than a minute