Oracle, SoftBank, and OpenAI announced a new joint venture named Stargate, in collaboration with President Trump. They aim to invest $100 billion initially, with a potential total of $500 billion over four years, to strengthen AI infrastructure in the U.S. and secure American leadership in the field. The markets responded positively, with Oracle's and SoftBank's shares rising significantly. OpenAI emphasized the project's potential to create numerous jobs and bolster national security. Alongside this, Microsoft's stock saw a smaller increase, attributed to recent changes in its cloud service agreements with OpenAI.
This infrastructure will secure American leadership in AI, create hundreds of thousands of American jobs, and generate massive economic benefit for the entire world.
The companies announced along with Trump yesterday that they'll initially invest $100 billion to create and grow AI infrastructure in the United States.
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