Tech Giants Unite: Oracle, OpenAI, and SoftBank Join Forces to Revolutionize AI Infrastructure
In a groundbreaking move, Oracle, OpenAI, and SoftBank are reportedly teaming up to build a cutting-edge artificial intelligence infrastructure in the United States. This ambitious project, set to be announced by President Donald Trump, is expected to inject an initial $100 billion into the economy, with potential investments reaching as high as $500 billion over the next four years.
A Boost for Oracle Shares
The news sent Oracle’s stock soaring 6% on Tuesday, building on its impressive 58% growth in 2024 – the company’s best performance since 1999. This surge has significantly boosted the net worth of Oracle’s co-founder and chairman, Larry Ellison, by over $75 billion.
Connections and Collaborations
Ellison’s ties to the White House are well-documented, having hosted a fundraiser for Trump in 2020. He has also formed an alliance with Tesla CEO Elon Musk, who attended Trump’s inauguration on Monday after serving as an advisor for several months. Additionally, Oracle is the cloud infrastructure provider for TikTok, which recently experienced a brief outage in response to a congressional law.
The AI Connection
Last year, Oracle acquired cloud business from OpenAI, a startup that relies heavily on Nvidia graphics processing units to power its AI models, including the popular ChatGPT assistant. This partnership is expected to play a crucial role in the development of the new AI infrastructure.
A New Era for AI Innovation
The collaboration between Oracle, OpenAI, and SoftBank marks a significant milestone in the advancement of artificial intelligence. With their combined expertise and resources, they are poised to drive innovation and growth in the AI sector, shaping the future of technology and beyond.
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