Joint venture Stargate will be building out data centers and beefing up electricity generation to support the fast-evolving artificial intelligence scene.

SoftBank Group Corp., OpenAI, and Oracle Corp. are forming a $100 billion joint venture to fund artificial intelligence infrastructure, an effort unveiled with President Donald Trump aimed at speeding development of the emerging technology.

We may now know roughly how much money SoftBank and OpenAI are contributing toward Stargate, OpenAI's massive data center project.

Trump Administration announced Stargate AI infrastructure joint venture, investing $500 billion over 4 years. SoftBank, Oracle, OpenAI, and Abu Dhabi's MGX involved.

President Donald Trump on Tuesday talked up a joint venture investing up to $500 billion for infrastructure tied to artificial intelligence by a

The new joint venture between OpenAI, Oracle, SoftBank and other partners intends to build the infrastructure needed to greatly expand artificial intelligence in the U.S.

OpenAI and SoftBank (SFTBY) will commit $19B each to the artificial intelligence-focused Stargate Project, The Information reported. Read for more.

OpenAI has announced that it's teaming up with Softbank and Oracle on $100 billion data center project in the U.S.

The Trump administration will ease the way for OpenAI, Oracle, MGX, and SoftBank to build a generative AI computing system.

Both the Stargate announcement and the revocation of the AI safeguard Biden had put in place sparked widespread criticism from privacy and security experts.

US President Donald Trump announced a USD 500 billion investment in AI infrastructure through a new company, which is being created in partnership with Oracle, SoftBank and Open AI. The venture, called Stargate,