Oracle founder Larry Ellison said the Stargate project, a joint venture with OpenAI and Softbank, will help to fuel the development of a cancer vaccine.
Billionaire Larry Ellison’s backing of Stargate could help grease the wheels for the embattled merger between Paramount Global and Skydance Media, sources told The Post.
President Donald Trump talked up a joint venture investing up to $500 billion for infrastructure tied to AI by a new partnership formed by OpenAI, Oracle and SoftBank.
The $500B Stargate Initiative, led by Trump, OpenAI, SoftBank, and Oracle, is set to revolutionize U.S. AI infrastructure.
WASHINGTON – US President Donald Trump said he would be open to billionaire supporter Elon Musk or Oracle Corp chairman Larry Ellison purchasing social video app TikTok as part of a joint venture with the US government. “I have the right to make a deal,” Mr Trump said at an event alongside Mr Ellison at the White House on Jan 21.
President Donald Trump unveiled the 'Stargate' initiative to invest $500 billion in Artificial Intelligence and reversed former President Joe Biden's AI executive order. Trump, joined by the CEOs of OpenAI,
The President said he would be open to the US billionaires purchasing social video app TikTok as part of a joint venture with the US government.
President Donald Trump said he is in favor of Elon Musk or Larry Ellison buying TikTok as he offered his latest thinking on what a deal might look like to save the US operations of the social media platform.
OpenAI CEO Sam Altman called Stargate, “the most important project for this era” and promised that all of the new investment his company was making would help cure diseases. Altman was actually prompted by Trump to talk about the medical advances that AI would supposedly figure out.
Last month, Trump announced with SoftBank's Son in Mar-a-Lago that SoftBank would invest $100 billion in US projects over the next four years, creating 100,000 jobs. Those investments will focus on infrastructure that supports AI, including data centers, energy generation, and chips, according to a source.
Elon Musk and Larry Ellison have emerged as potential buyers for TikTok, as former President Donald Trump expressed openness to their acquisition of the popular social media platform. This development follows Trump’s executive order signed on Monday,
Who will buy this wonderful business? Such an app you never did see! Who will Donald Trump tie TikTok up with a ribbon and put in a box for?