Microsoft relaxes data center grip on OpenAI amid $500 bln joint venture
Microsoft on Tuesday said it has changed some key terms of a deal with OpenAI after the ChatGPT creator announced a joint venture with Oracle and Japan's SoftBank Group to build up to $500 billion of new AI data centers in the United States.
Trump Announces $500B AI Joint Venture With Oracle, OpenAI, and SoftBank
President Trump on Tuesday announced a $500 joint venture with Oracle, OpenAI, and SoftBank to build AI infrastructure in the U.S.
OpenAI and Softbank team up for a $500 billion AI data center venture
OpenAI will build and open AI infrastructure worth $500 billion in the United States over the next four years in partnership with SoftBank. The two entities have teamed up to establish a new company called the Stargate Project to build AI data centers for the ChatGPT maker,
Microsoft Relaxes Data Center Grip on OpenAI Amid $500 Billion Joint Venture
Microsoft, along with Nvidia and Arm, will be a "technology partner" in the new venture, but is not listed as an equity funder. SoftBank CEO Masayoshi Son is will be the entity's board chairman, according to a statement from OpenAI posted on social media site X.
AI Stocks Rise on Reported $100 Billion Data Center Deal
OpenAI, SoftBank and Oracle are reportedly planning a joint venture called Stargate focused on building data centers and other infrastructure to support AI development, according to CBS News. The companies are expected to invest at least $100 billion in the initiative and up to $500 billion over the next four years,
OpenAI teams up with SoftBank and Oracle on $500B data center project
OpenAI has announced that it's teaming up with Softbank and Oracle on $100 billion data center project in the U.S.
OpenAI and Softbank are starting a $500 billion AI data center company
A plan to build a system of data centers for artificial intelligence has been revealed in a White House press conference, with Masayoshi Son, Sam Altman, and Larry Ellison joining Donald Trump to announce The Stargate Project.
Rivian says other automakers 'knocking on door' about tech from VW joint venture
A joint venture between U.S. electric pickup and SUV maker Rivian and Volkswagen is in talks with other automakers about ...
Stargate will use solar and batteries to power $100B AI venture
But nuclear’s recent history has been beset by cost overruns and delays. The fresh crop of nuclear startups were largely ...
‘Big Money and High Quality People’: Stargate Joint Venture to Invest in U.S. AI Infrastructure
Trump lauded the up to $500 billion partnership with OpenAI, Oracle, and SoftBank to build out data centers and electricity ...
What to Know About ‘Stargate,’ OpenAI’s New Venture Announced by President Trump
Trump announced a $500 billion joint venture between OpenAI, Softbank, MGX and Oracle to build new datacenters to power the ...
Watch These Oracle Price Levels as Stock Surges on Optimism About AI Joint Venture
Key Takeaways Oracle shares soared Wednesday for the second straight session as investors reacted to news that the enterprise ...
Trump announces 50% joint venture plan to revive TikTok
In a Sunday post on Truth Social, Trump asked companies "not to let TikTok stay dark," saying he will issue an executive ...
electrive9h
VW considers European joint venture with Chinese manufacturer
Stellantis and Leapmotor could be the role models. Volkswagen is apparently discussing entering into a joint venture with a ...
Chinese automaker JAC expects 2024 net loss, hit by VW venture
Anhui Jianghuai Automobile Group (JAC) expects last year's results to show a loss, it said on Friday, citing the performance of its joint venture with Volkswagen .
Microsoft poised to benefit from Stargate venture, with zero money
When President Donald Trump touted a multibillion-dollar artificial intelligence project led in part by OpenAI, one question sprang to mind: Where's Microsoft?
Project Stargate: A $500 Billion Venture Between Oracle, Open AI, Nvidia & Softbank That Will Revolutionize Healthcare
The project will entail a joint venture between Oracle, Open AI and Softbank with the promise of investing nearly $500 ...