Reported about 9 hours ago
President Donald Trump unveiled a $500 billion AI investment initiative named Stargate, involving Oracle, OpenAI, and SoftBank, aimed at establishing AI infrastructure in the US. The project, which is set to begin with a data center in Texas, led to a 7% surge in Oracle's stock. Trump claimed the venture would create over 100,000 jobs. This announcement follows the rescinding of AI safety guidelines from the previous administration.
Source: YAHOO