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
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.
The move has been met with a mixture of cautious optimism from tech leaders and apprehension from experts concerned about the lack of oversight.
They don’t actually have the money,” Elon Musk wrote on his social media platform, exposing an early internal rift within the White House.
Masayoshi Son of SoftBank, Sam Altman of OpenAI and Larry Ellison of Oracle joined Trump for the $500 billion announcement.
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.
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 kicked off his second term with a flurry of executive actions on immigration, Jan. 6, health policy and more.
President Donald Trump's first full day back in office includes announcing an investment in artificial intelligence infrastructure.
The US president says Stargate will build the physical and virtual infrastructure to power the next generation of advancements in AI.
The move is one of many executive actions focused on the federal workforce enacted since Trump took office Monday afternoon. His other actions addressed DEI hiring more broadly, froze hiring in most executive agencies and directed a return to in-person work for many federal employees, among other directives.