Tag: LARRY ELLISON
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US Tech Giants Collaborate to Launch $500 Billion AI Initiative
US tech giants OpenAI, Oracle, and SoftBank have announced a partnership to invest $500 billion into AI infrastructure, beginning with an immediate investment of $100 billion. This initiative, called Stargate, aims to bolster American leadership in AI, create jobs, and promote national security. However, skepticism arises from industry experts regarding the financial stability of this…
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Billionaires and Companies Eye TikTok Amid U.S. Ban Discussions
The potential acquisition of TikTok is being explored by Oracle, Microsoft, and other investors amid a looming U.S. ban. Various parties, including Frank McCourt’s Project Liberty, have expressed interest, while Elon Musk’s potential bid is under consideration. Microsoft’s past bid fell through amid administration concerns, with TikTok’s valuation estimated between $40 billion and $100 billion,…
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Musk Challenges Trump’s $500 Billion Stargate AI Initiative
– Elon Musk doubts the $500 billion pledge for the Stargate project. – Claims made about insufficient funds from OpenAI, Oracle, and Softbank. – Altman from OpenAI respects Musk but does not address funding concerns. – Trump touts Stargate as a significant job creator. – Musk’s strained relationship with Altman complicates the AI landscape. Musk…
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Tech Giants Announce $500B AI Investment Through Stargate Initiative
– President Trump announced a $500 billion AI initiative by SoftBank, Oracle, and OpenAI. – Initial $100 billion commitment with a four-year total projection of $500 billion. – Aims to enhance AI infrastructure and build major data centers, starting in Texas. – Shares of SoftBank rose over 8% following the announcement; regulatory shifts noted. Key…