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.

SoftBank Group (SFTBF 8.38%) is a Japanese holding ... SoftBank invested $4.4 million into WeWork in 2017. The company's planned 2019 initial public offering (IPO) was scrapped, and WeWork ...

President Donald Trump on Tuesday talked up a joint venture investing up to $500 billion for infrastructure tied to artificial intelligence by a

SoftBank CEO Masayoshi Son called the launch of Stargate the "beginning of a golden age," aligning with Trump’s vision for the US under his leadership. Son also committed to investing $100 billion in US projects over the next four years,

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 surged — on five times the previous day’s volume — on Wednesday after the Japanese investment group landed a starring role in an U.S. artificial intelligence infrastructure buildout package backed by President Donald Trump.

Joining Trump fresh off his inauguration at the White House were Masayoshi Son of SoftBank, Sam Altman of OpenAI and Larry Ellison of Oracle.

The project will entail a joint venture between Oracle, Open AI and Softbank with the promise of investing nearly $500 billion into artificial intelligence infrastructure over the next four years. Other partners also include Nvidia, Microsoft and ARM— companies that have all been paramount to the significant AI boom in recent years.

President Trump announced on Tuesday a massive AI infrastructure project involving OpenAI, Oracle (NYSE:ORCL), and SoftBank (TYO:9984), with an investment plan of up to $500 billion. This project, named Stargate,

OpenAI will build and open AI infrastructure worth $500 billion in the United States over the next four years in partnership with SoftBank.

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