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.
Trump Announces $500B AI Joint Venture With Oracle, OpenAI, and SoftBank
Key Takeaways President 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,
Microsoft relaxes data centre grip on OpenAI amid US$500 billion joint venture
MICROSOFT on Tuesday (Jan 21) 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 US$500 billion of new AI data centres in the US.
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 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,
OpenAI teams up with SoftBank and Oracle on $500B data center project
OpenAI has announced that it's teaming up with Softbank and Oracle on $100 billion data center project in the U.S.
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.
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 ...
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Trump announces $100 billion joint AI infrastructure ‘Stargate’ with OpenAI, SoftBank, and Oracle
President Donald Trump has unveiled a joint venture named "Stargate”, a collaboration between OpenAI, SoftBank, and Oracle to ...
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 $500 billion 'Stargate' AI venture headed by Oracle, OpenAI, SoftBank
Oracle stock jumped 6% on a report that Trump plans to announce billions of dollars in private sector investment to build ...
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 ...
Arena Investors, LP Announces Commercial Timberland Joint Venture with Ridge Financial Group
Ridge Financial Group LLC ("RFG"), a leading firm specializing in the acquisition of large hardwood timberland assets, announced today that it has entered into a definitive agreement with funds ...
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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Daikin to sell air conditioners to Taiwan chip fabs via joint venture
OSAKA -- Japan's Daikin Industries has established a Taiwanese joint venture to sell large industrial air conditioners on the ...
‘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 ...