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Oracle, OpenAI expand Stargate deal for more U.S. data centres
Oracle, known for its database software, has gained traction in the market for renting out computing power and storage over the internet, in part by targeting clients focused on AI work. This has led to a jump in revenue and expenses. The US$30 billion deal is more than the current size of its entire cloud infrastructure business.
Oracle has signed up a cloud customer to spend more than $30 billion a year from FY28. The deal, revealed in a regulatory ...
OpenAI CEO Sam Altman, Oracle founder Larry Ellison and SoftBank CEO Masayoshi Son gathered with Trump at a Jan. 22 White House press conference to announce the Stargate Project, a privately ...
OpenAI’s CEO Sam Altman. Image: Creative Commons. When SoftBank founder Masayoshi Son and OpenAI’s Sam Altman announced the Stargate project back in January, the tech world took notice.
Known as “the Stargate Project,” it’s a $500 billion (half a trillion) effort from OpenAI, SoftBank, Oracle and MGX to form a new venture that will build “new AI infrastructure for OpenAI ...
President Trump announces major private-sector AI infrastructure investment 00:56. When President Trump announced the new $500 billion Stargate AI venture from OpenAI, Softbank and Oracle on ...
Donald Trump has announced a $500 billion "Stargate Project." Backed by major tech companies, it aims to boost AI infrastructure in the U.S. Donald Trump has announced a new $500 billion ...
The Project Stargate initiative supercharges the bull case for OpenAI and Microsoft. Chinese open-source organizations like Deep Seek are starting to become a real headache for U.S. AI labs.
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