The SoftBank chief aims to build infrastructure to develop AI with an initial $100 billion, reaching $500 billion during Trump's second term

Shares of SoftBank Group Corp. jumped as much as 8.1% after US President Donald Trump announced a multi-billion dollar push by the Japanese company, OpenAI and Oracle Corp. to build AI infrastructure in the US.

The project will entail a joint venture between Oracle, Open AI and Softbank with the promise of investing nearly $500 billion into artificial intelligence infrastructure over the next four years. Other partners also include Nvidia, Microsoft and ARM— companies that have all been paramount to the significant AI boom in recent years.

SoftBank CEO Masayoshi Son's plan to invest billions in AI in the United States shows one way to handle the new Trump administration: go big and deal with the details later. For a Japan Inc anxious ab

Elon Musk is already casting doubt on OpenAI’s new, up to $500 billion investment deal with SoftBank (SFTBY) and Oracle (ORCL), despite backing from his allies — including President Donald Trump.

A plan to build a system of data centers for artificial intelligence has been revealed in a White House press conference, with Masayoshi Son, Sam Altman, and Larry Ellison joining Donald Trump to announce The Stargate Project.

At the core of this initiative is the formation of a new company, The Stargate Project, a joint venture between OpenAI, SoftBank, Oracle, and MGX. Over the next four years, this project will invest an astonishing $500 billion to develop cutting-edge AI infrastructure in the U.S., aiming to secure the country’s leadership in artificial intelligence.

OpenAI has announced that it's teaming up with Softbank and Oracle on $100 billion data center project in the U.S.

SoftBank CEO Masayoshi Son's plan to invest billions in AI in the United States shows one way to handle the new Trump administration: go big and deal with the details later.

SoftBank, OpenAI, and Oracle are launching a $100 billion joint venture to enhance AI infrastructure, with plans to escalate investment to $500 billion. The initiative, supported by President Donald Trump,

The president said it will be the largest AI infrastructure ever built and that it will help counter technology threats from China and other countries.