President Donald Trump unveiled a big-ticket private-sector collaboration called Stargate. The project will bring together OpenAI, SoftBank (SFTBY), and Oracle (ORCL) to invest in American artificial intelligence (AI) infrastructure.
· 1d · on MSN
OpenAI's Sam Altman Flip Flops On Trump After $500 Billion Stargate AI Project, Says 'I Wish I Had Done More Of My Own Thinking'
· 16h · on MSN
Sam Altman-Elon Musk Feud Timeline: AI Billionaires Bark Over Trump-Endorsed Stargate AI Project
Elon Musk and Sam Altman are fighting over major AI project
SIGN UP for TheStreet’s FREE Daily newsletter 💰💸 Elon Musk has never avoided getting into arguments with other high-profile figures. He’s publicly insulted politicians such as Bernie Sanders and Elizabeth Warren and lashed out at X users with opinions he doesn’t share.
Sam Altman-led OpenAI is reportedly engaged in intricate discussions to transform into a for-profit entity, but its board is grappling with valuing Microsoft's stake while negotiating the worth of its new charitable division at $30 billion.
Oracle stock took off as President Trump announced the Stargate AI infrastructure project. Read why I maintain my buy rating for ORCL stock.
The impact of this deal on the stock market has been quite bullish, especially for AI-related companies and those involved in the deal. Arm Holdings ( NASDAQ:ARM) is up over 12% since the deal and SoftBank is also up 12%. Oracle has gained 13%.
San Francisco, Jan 23 (IANS) The xAI owner Elon Musk and OpenAI CEO Sam Altman are fighting on X about Stargate, the enormous infrastructure project to build data centres for OpenAI across the US.
Chairman Larry Ellison highlighted the AI's potential in the development of mRNA-based cancer vaccines. Read more here.
Oracle (ORCL) stock closed up by more than 7% on Tuesday amid reports of a joint venture with OpenAI and Softbank (SFTBY).
Oracle stock jumped 6% on a report that Trump plans to announce billions of dollars in private sector investment to build artificial intelligence infrastructure in the US.
The Trump Administration has announced an AI infrastructure joint venture in the U.S. named “Stargate,” comprised of OpenAI, SoftBank Group (OTC:SFTBF) (OTC:SFTBY), Oracle Corp (NYSE:ORCL), and Abu Dhabi’s MGX.
Tesla (TSLA) and SpaceX CEO Elon Musk said OpenAI, Oracle (ORCL) and Softbank (SFTBY) “don’t actually have the money” to back up their pledge
Key Takeaways Nuclear energy stocks roared higher Thursday, extending gains earlier in the week amid expectations of growing energy needs driven by data centers to support AI.President Donald Trump on Tuesday announced a $500 billion joint venture with Oracle,
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