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.

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.

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.

President Donald Trump is announcing investments worth up to $500 billion for infrastructure tied to artificial intelligence by a new partnership formed by OpenAI, Oracle and SoftBank.

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.

Tech stocks enjoyed a surge Wednesday, driven by a sharp rise in semiconductor shares after President Donald Trump, OpenAI's Sam Altman, Oracle Corp. (NYSE:ORCL) co-founder Larry Ellison, and SoftBank CEO Masayoshi Son unveiled the Stargate Project on Tuesday.

On his first full day in office, President Donald Trump announced a half-trillion-dollar AI initiative that will begin at Abilene's Lancium campus.

Ichiro Suzuki became the first Japanese player chosen for the Hall of Fame, falling one vote shy of unanimous when he was elected along with CC Sabathia and Billy Wagner.

President Donald Trump on his first full day in office Tuesday defended his decision to grant clemency to people convicted of assaulting police officers during the 2021 attack on

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.

U.S. President Donald Trump announced Stargate, a $500 billion AI infrastructure project that's expected to provide 100,000 jobs and boost the American economy, but Elon Musk believes the three companies leading the project don't have the funds.

Trump announced Tuesday that OpenAI, Softbank and Oracle would join forces to create Stargate, a new company investing $500 billion in AI infrastructure.