Oracle will be part of a joint venture focused on building artificial intelligence infrastructure in the U.S., a project President Trump is expected to announce. The venture, involving Oracle, OpenAI, and SoftBank, could reach $500 billion over four years. This news comes after Oracle's successful partnership with OpenAI, which requires powerful graphics processing units for AI model training. Oracle's shares surged 6% on reports of this deal.
Oracle will be involved in a joint venture for artificial intelligence infrastructure in the U.S. that President Trump will announce, CNBC has confirmed.
One of Oracle's major customer wins last year was OpenAI, which needs graphics processing units to train and run artificial intelligence models.Oracle co-founder Larry Ellison, center, watches Andy Murray of Great Britain against Alexander Zverev of Germany during their third round match on Day 9 of the BNP Paribas Open at the Indian Wells Tennis Garden on October 12, 2021 in Indian Wells, California.
Artificial Intelligence Infrastructure Oracle Openai Softbank
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Trump to announce AI infrastructure investment backed by Oracle, OpenAI and SoftbankPresident Donald Trump will announce a venture with OpenAI, Oracle and Softbank to invest billions of dollars in U.S. AI infrastructure, sources said.
Read more »
OpenAI CEO Predicts AI Agents Will Join the Workforce This YearOpenAI CEO Sam Altman is making a new pitch, suggesting that while they may not have cracked the code for traditional Artificial General Intelligence (AGI), OpenAI is confident in its ability to create economically viable AI through 'AI agents' that will soon join the workforce and significantly impact company output. Altman acknowledges the potential for widespread job displacement but remains optimistic about the future of AI.
Read more »
OpenAI’s Sam Altman says ‘we know how to build AGI’OpenAI CEO Sam Altman says that the company is now aiming beyond its founding goalposts to achieve artificial superintelligence.
Read more »
UK Aims to Build OpenAI Challenger and Boost Computing PowerThe UK government is investing heavily in AI, aiming to create a homegrown challenger to OpenAI and significantly expand the nation's computing infrastructure.
Read more »
UK to Build Homegrown OpenAI Challenger, Boost Computing PowerThe UK government aims to establish a homegrown rival to OpenAI and significantly enhance national computing infrastructure by 2030. This initiative includes expanding data center capacity and creating AI growth zones. The UK also seeks to foster 'sovereign' AI development independent of Silicon Valley.
Read more »
UK Aims to Build OpenAI Rival and Supercharge AI InfrastructureThe UK government is committed to boosting the country's AI capabilities by 20 times by 2030. This includes building a domestic challenger to OpenAI and expanding data center capacity.
Read more »