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OpenAI, SoftBank, Oracle to invest $500 bln in AI, Trump says

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By Reuters | Updated: 22 January, 2025

Jan 21 (Reuters) – President Donald Trump on Tuesday announced that three leading companies would make a large investment in artificial intelligence infrastructure.

OpenAI, SoftBank (9984.T), and Oracle (ORCL.N) will form a joint venture called Stargate, with a plan to invest $500 billion, Trump said at the White House.

Trump said he will help facilitate the project with emergency orders.

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