President Trump on Tuesday announced a $500 joint venture with Oracle, OpenAI, and SoftBank to build AI infrastructure in the U.S.

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

Elon Musk posted on Wednesday saying that OpenAI, Oracle (ORCL.US), and SoftBank do not have sufficient funds to back up their pledge to invest US$500 billion in US AI infrastructu... When replying to an OpenAI post about a new project called Stargate on the social platform X,

Sam Altman, CEO of OpenAI, has publicly expressed his support for President Donald Trump. This revelation comes years after he praised LinkedIn co-founder Reid Hoffman for stopping his re-election. What Happened: Altman disclosed that his perspective on President Trump has evolved.

Nvidia stock jumped Wednesday, extending gains from the prior day following Trump’s announcement of a massive, $500 billion AI infrastructure project called Stargate. The project will be funded by Oracle,

Trump announced a $500 billion joint venture between OpenAI, Softbank, MGX and Oracle to build new datacenters to power the next wave of AI.