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.
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,
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,
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.
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.
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 ...
‘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 ...
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 ...
AI Joint Venture: US Announces Project Will Provide $500 Billion for Infrastructure
The Trump administration will ease the way for OpenAI, Oracle, MGX, and SoftBank to build a generative AI computing system.
Trump says he will delay TikTok ban, suggests a joint venture with US ownership
TikTok went dark for users in the U.S. on Saturday night, but it may not be gone for long. President-elect Donald Trump ...
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 ...
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Lingerfelt kicks off year with joint venture in Prince George, leadership adjustments
The Henrico-based firm is partnering with SCOA Real Estate Partners to develop a spec distribution center near Prince George ...
Generali and Natixis Ink Asset Management Joint Venture
Italy’s Generali and the owner of France’s Natixis are set to combine their asset management operations to create a European ...
EU Sets Deadline for Provisional Repsol, Bunge Joint Venture Review
Repsol and Bunge revealed plans to form a biofuel joint venture in March that would have the energy company buy a 40% stake in three of Bunge's Iberian sites for up to $340 million. The companies said ...
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 ...