Trump was joined by SoftBank Group Corp.’s Masayoshi Son, OpenAI’s Sam Altman and Oracle Corp.’s Larry Ellison at the White House to announce the venture, dubbed Stargate, which they said would deploy $100 billion immediately with the goal of eventually spending $500 billion for the construction of data centers and physical campuses.
Masayoshi Son founded SoftBank in 1981. It has invested millions in some of Silicon Valley's biggest tech companies.
Bannon tore into Musk, revealing another fissure in the MAGA world over Trump's highly touted Stargate project.
Shares in artificial intelligence data-center companies fell Thursday—the president’s $500 billion spending drive might raise more questions than answers.
Mr. Trump had claimed the A.I. announcement as an early trophy, taking credit for the companies’ decision to spend up to $500 billion building data centers.
The author and editors take ultimate responsibility for the content. SoftBank Group (SFTBF 8.38%) is a Japanese holding company that focuses on investment management. The company was formerly a ...
The tech billionaires have a rocky history, and Musk's comments about funding for the project, which could attract $500 billion prompted a pointed response from OpenAI leader Altman.
Explore the pros and cons of the first round of technology developments from President Trump's first week in office. What impact will his bold tech moves have?
White House press secretary Karoline Leavitt on Wednesday dismissed Elon Musk’s criticism of President Trump’s newly announced artificial intelligence (AI) infrastructure project. “That was
Catch up on the top industries and stocks that were impacted, or were predicted to be impacted, by the comments, actions and policies of
Some of the biggest names in technology have clashed after President Donald Trump unveiled his $500 billion private AI investment project.