By Sam Nussey and Anton Bridge TOKYO (Reuters) -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.
President Trump has announced a major AI initiative called "Stargate" -- but the firms involved have DEI policies that go against his goal of eliminating such programs.
President Donald Trump talked up a joint venture investing up to $500 billion for infrastructure tied to AI by a new partnership formed by OpenAI, Oracle and SoftBank.
SoftBank, OpenAI, and Oracle are launching a $100 billion joint venture to enhance AI infrastructure, with plans to escalate investment to $500 billion. The initiative, supported by President Donald Trump,
Masayoshi Son of SoftBank, Sam Altman of OpenAI and Larry Ellison of Oracle joined Trump for the $500 billion announcement.
Stocks are approaching records in the first couple of days of Trump's presidency, with more pronounced moves in specific corners of the market this week.
President Donald Trump kicked off his second term with a flurry of executive actions on immigration, Jan. 6, health policy and more.
Elon Musk has expressed doubts about the financial feasibility of the $500 billion Stargate AI Project announced by President Donald Trump. The project, led by OpenAI and SoftBank, aims to build AI infrastructure across the US,
President Donald Trump's first full day back in office includes announcing an investment in artificial intelligence infrastructure.
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 move has been met with a mixture of cautious optimism from tech leaders and apprehension from experts concerned about the lack of oversight.