On the second day of his presidency on Tuesday, Donald Trump announced the Stargate Project, a $500 billion joint venture among OpenAI, Softbank, Oracle, and MGX, to build AI-focused data centres across the US.
The project, which will be financially led by SoftBank and operationally by OpenAI, will see an immediate investment of $100 billion. Masayoshi Son will be the chairman of the company.
SoftBank CEO Masayoshi Son's plan to invest billions in AI in the United States shows one way to handle the new Trump administration: go big and deal with the details later. For a Japan Inc anxious ab
Most Asian markets extended a global rally Wednesday as investors gave a cautious welcome to Donald Trump’s first full day in office amid hopes he will
The president said it will be the largest AI infrastructure ever built and that it will help counter technology threats from China and other countries.
Tokyo stocks ended sharply higher Wednesday, driven by gains in semiconductor-related shares following news that SoftBank Group will join a major artificial intelligence investment project in the United States.
OpenAI has announced that it's teaming up with Softbank and Oracle on $100 billion data center project in the U.S.
US President Donald Trump has started his second term with a bang - a private sector artificial intelligence investment of at least US$100 billion announced by the White House on Tuesday. "This monumental undertaking is a resounding declaration of confidence in America's potential under a new president,
Shares in Japanese tech behemoth SoftBank Group soared more than eight percent on Wednesday after US President Donald Trump announced a major investment to build AI infrastructure.
The Stargate project, announced at the White House, involves an initial investment of $100bn, with plans to increase this to $500bn over the next four years.