{"id":90483,"date":"2025-01-22T01:15:16","date_gmt":"2025-01-22T06:15:16","guid":{"rendered":"https:\/\/www.hedgeco.net\/news\/?p=90483"},"modified":"2025-01-22T01:00:45","modified_gmt":"2025-01-22T06:00:45","slug":"trump-announces-ai-infrastructure-investment-backed-by-oracle-openai-and-softbank","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/01\/2025\/trump-announces-ai-infrastructure-investment-backed-by-oracle-openai-and-softbank.html","title":{"rendered":"Trump announces AI infrastructure investment backed by Oracle, OpenAI and Softbank"},"content":{"rendered":"\n<p>(CNBC) President\u00a0<a href=\"https:\/\/www.cnbc.com\/donald-trump\/\">Donald Trump<\/a>\u00a0announced a joint venture Tuesday with\u00a0<a href=\"https:\/\/www.cnbc.com\/2024\/05\/14\/openai-cnbc-disruptor-50.html\">OpenAI<\/a>,\u00a0<a href=\"https:\/\/www.cnbc.com\/quotes\/ORCL\/\">Oracle<\/a>\u00a0and\u00a0<a href=\"https:\/\/www.cnbc.com\/quotes\/SFTU-FF\/\">Softbank<\/a>\u00a0to invest billions of dollars in\u00a0<a href=\"https:\/\/www.cnbc.com\/ai-artificial-intelligence\/\">artificial intelligence<\/a>\u00a0infrastructure in the United States. The project, dubbed Stargate, was unveiled at the\u00a0<a href=\"https:\/\/www.cnbc.com\/white-house\/\">White House<\/a>\u00a0by Trump, Softbank CEO Masayoshi Son, OpenAI CEO Sam Altman and Oracle co-founder\u00a0<a href=\"https:\/\/www.cnbc.com\/larry-ellison\/\">Larry Ellison<\/a>. The executives committed to invest an initial $100 billion and up to $500 billion over the next four years in the project, which will be set up as a separate company.<\/p>\n\n\n\n<p><a href=\"https:\/\/www.cnbc.com\/2025\/01\/21\/trump-ai-openai-oracle-softbank.html\">To read this article:<\/a><\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><\/h2>\n","protected":false},"excerpt":{"rendered":"<p>(CNBC) President\u00a0Donald Trump\u00a0announced a joint venture Tuesday with\u00a0OpenAI,\u00a0Oracle\u00a0and\u00a0Softbank\u00a0to invest billions of dollars in\u00a0artificial intelligence\u00a0infrastructure in the United States. The project, dubbed Stargate, was unveiled at the\u00a0White House\u00a0by Trump, Softbank CEO Masayoshi Son, OpenAI CEO Sam Altman and Oracle co-founder\u00a0Larry Ellison. [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-90483","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/90483","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=90483"}],"version-history":[{"count":1,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/90483\/revisions"}],"predecessor-version":[{"id":90484,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/90483\/revisions\/90484"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=90483"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=90483"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=90483"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}