SoftBank Group Corp., OpenAI, and Oracle Corp. are forming a $100 billion joint venture to fund artificial intelligence infrastructure, an effort unveiled with President Donald Trump aimed at speeding development of the emerging technology.

An organization developing math benchmarks for AI didn't disclose that it had received funding from OpenAI until relatively recently.

OpenAI Chief Product Officer Kevin Weil said that Stargate—a just announced $500 billion AI infrastructure initiative backed by OpenAI, Oracle, and SoftBank—will provide the massive computing power

President Donald Trump unveiled the $500 billion Stargate Project for AI infrastructure in the US, sending AI cryptos surging.

AI is exciting, powerful and controversial, and some critics doubt the tech delivers on its promise. But the next big wave of AI 'agents' may prove genuinely helpful.

OpenAI, SoftBank (9984.T), and Oracle (ORCL.N) will form a joint venture called Stargate, with a plan to invest $500 billion, Trump said at the White House. Trump said he will help facilitate the project with emergency orders.

OpenAI, Oracle, and SoftBank will create a venture named Stargate, with President Trump calling it "the largest AI infrastructure project in history."

The Stargate project, announced at the White House, involves an initial investment of $100bn, with plans to increase this to $500bn over the next four years.

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

This strengthens Perplexity's position as a direct competitor to OpenAI and Google, providing users with real-time, web-connected search capabilities.