Trump Announces $500B AI Joint Venture With Oracle, OpenAI, and SoftBank

Key TakeawaysPresident Trump on Tuesday announced a joint venture with Oracle, OpenAI, and SoftBank to build AI infrastructure in the U.S.The companies said they would commit $100 billion to start, and as much as$500 billion over the next four years toward the initiative, called Stargate. Oracle shares surged Tuesday ahead of the announcement, leaving them up more than 50% over the past 12 months. President Donald Trump on Tuesday announced a joint venture with Oracle (ORCL), OpenAI, and SoftBank to build ...