A look at the day ahead in European and global markets from Stella QiuDay two of Donald Trump's second presidency culminated in an announcement that OpenAI, SoftBank Group and Oracle will form a venture called Stargate and invest $500 billion in AI infrastructure across the United States,

US President Donald Trump on Tuesday announced a major investment to build infrastructure for artificial intelligence (AI) led by Japan’s Softbank Group Corp, cloud giant Oracle Corp and ChatGPT-maker OpenAI.

Tech giants OpenAI, SoftBank and Oracle are forming a new entity in a bid to advance artificial intelligence infrastructure in the United States. Stargate aims to

President Donald Trump on Tuesday announced that three leading companies would make a large investment in artificial intelligence infrastructure.

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.

President Donald Trump gives remarks in the Roosevelt Room where he announced a new AI initiative at the White House in Washington D.C., on Tuesday, January 21, 2025, as Softbank CEO Masayoshi Son, Oracle CEO Larry Ellison, and OpenAI CEO Sam Altman look on. | Aaron Schwartz/Sipa USA

US President Donald Trump has started his second term with a bang - a private sector artificial intelligence investment of at least US$100 billion announced by the White House on Tuesday. "This monumental undertaking is a resounding declaration of confidence in America's potential under a new president,

Who will “save” TikTok? YouTuber MrBeast, X owner Elon Musk and Oracle Chairman Larry Ellison have been floated as potential buyers of the app in the past week.

President Donald Trump said he would be open to billionaire supporter Elon Musk or Oracle Corp. Chairman Larry Ellison purchasing social video app TikTok as part of a joint venture with the US government.

Chinese companies won’t likely step up investments in the U.S. under the incoming Trump administration, analysts said.

“While Tuesday is the first trading session under Trump 2.0, markets are forward looking, and much of the optimism over the potential for tax cuts and deregulation is already priced in, via the post-election stock market surge, which stocks have held onto for the most part,” Geranen said.