Masa Son, Trump's Japanese Buddy With The Midas Touch
Masayoshi Son, the Japanese tycoon helming US President Donald Trump's big new AI push, is the son of an immigrant pig farmer with a spectacular but also sketchy investment record.
SoftBank Shares Soar as Masayoshi Son’s AI Vision Coalesces
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.
Kelly Evans: What on earth is Stargate?
One of the biggest “new” things to come out of the Trump White House so far is yesterday’s splashy announcement of “Stargate.” It has sent shares of Oracle up 13% in fewer than 24 hours. It has analysts in almost every sector talking about the impact it could have on the stocks they cover.
Wall Street is flirting with an all-time high thanks to excitement over AI and Netflix
The Dow Jones Industrial Average was up 136 points, or 0.3%, as of 11:55 a.m. Eastern time. The Nasdaq composite was 1.5% higher.
Trump announces a $500 billion AI infrastructure investment in the US
The three companies are set to partner on a new AI infrastructure “company” called Stargate, Trump said at the event. The companies will contribute $100 billion investments to start, with plans to pour up to $500 billion into the project in the coming years.
Trump had phone call with OpenAI's Sam Altman last week about AI infrastructure
President Donald Trump spoke with OpenAI CEO Sam Altman by phone on Friday, ahead of the AI infrastructure announcement, CNBC has learned.