On his second day in office, President Donald Trump shook up the tech world when he announced Stargate, a $500 billion investment into infrastructure for artificial intelligence (AI). Oracle (ORCL), SoftBank (SFTBY),
Yesterday the world of AI and stocks in the sector changed as President Donald Trump announced the formation of Stargate , a new $500 billion joint venture deal to build artificial intelligence infrastructure in the US, with Oracle ( NYSE:ORCL ), ChatGPT creator OpenAI, and Japanese conglomerate SoftBank all at the table ..
Oracle's stock surges 8.51% after Trump announces $500B AI initiative, solidifying its role as a key AI provider. CEO Ellison's stake also rises.
Trump's first day saw a barrage of executive orders, 26 in total, that are a record for a President's first day. Click here for more insights.
President Donald Trump said he is open to Elon Musk or Oracle (ORCL) Chairman Larry Ellison purchasing TikTok as part of a joint venture with
U.S. President Donald Trump said on Tuesday he was open to billionaire Elon Musk buying social media app TikTok if the Tesla CEO wanted to do so.
Elon Musk is clashing with OpenAI CEO Sam Altman over the Stargate artificial intelligence infrastructure project touted by President Donald Trump, the latest in a feud between the two billionaires that started on OpenAI’s board and is now testing Musk’s influence with the new president.
Billionaire investor Stanley Druckenmiller told CNBC this week that optimism surrounding the U.S. market and business outlook is reaching "giddy" levels in boardrooms. Judging by Wall Street's boom, that giddiness is being mirrored across trading floors.
Quantum computing stocks popped Tuesday, Jan. 21 in response to President Donald Trump’s newly announced Stargate program. The joint venture between Oracle (ORCL), SoftBank (SFTBY), and OpenAI is intended to invest $500 billion into artificial intelligence (AI) infrastructure in the U.S.
The $500 billion Stargate venture, which President Donald Trump touted as “the largest AI infrastructure project in history,” has the potential to ease concerns of Nvidia Corp. (NVDA) investors with respect to the company’s earnings growth,