U.S. President Donald Trump on Tuesday talked up a joint venture investing up to $500 billion for infrastructure tied to artificial intelligence (AI), through a new partnership formed by OpenAI, Oracle and SoftBank. The new entity, Stargate, will start building out data centers and the electricity generation needed for further development of fast-evolving AI in Texas, according to the White House. Anne Gaviola has this story and more in Business Matters for Wednesday Jan. 22, 2025.
Politics
Business Matters: Trump highlights tech partnership investing $500B in AI
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