President Donald Trump signed an executive order on artificial intelligence Thursday that will revoke past government policies his order says “act as barriers to American AI innovation.” To maintain global leadership in AI technology, “we must develop AI systems that are free from ideological bias or engineered social agendas,” Trump’s order says.

Former White House chief strategist Steve Bannon tore into Elon Musk on Wednesday over Musk's criticism of President Donald Trump's Stargate project. Newsweek reached out to SpaceX via email Wednesday for comment from Musk. Bannon's criticism reveals yet another fissure in the MAGA world over the Stargate project, a massive artificial intelligence initiative aimed at positioning the United States as a global technology leader. Stargate is a joint venture between SoftBank Group, OpenAI, Oracle Corp. and MGX that will invest $500 billion over the next four years to build AI...

Oracle shares jumped nearly 9% in premarket trading Wednesday, after U.S. President Donald Trump said the company would make a large investment in artificial intelligence infrastructure, alongside OpenAI and SoftBank. The joint venture, called Stargate, plans to invest $500 billion to help the United States stay ahead of China and other rivals in the global AI race, Trump said at the White House on Tuesday. The venture plans to deploy $100 billion immediately, with the remaining investment occurring over the next four years. Construction of the project's first data centers...

U.S. President Donald Trump and SoftBank CEO Masayoshi Son (R) share a laugh after an aide puts out a step stool for Son as he takes the podium to speak during a news conference in the Roosevelt Room of the White House on January 21, 2025 in Washington, DC. SoftBank stock surged in Tokyo trade after the deal announcement. 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...

LONDON, Jan 22 (Reuters) - Oracle shares (ORCL.N) jumped nearly 9% in Frankfurt on Wednesday, after U.S. President Donald Trump said the company would make a large investment in artificial intelligence infrastructure, together with OpenAI and SoftBank (9984.T) .

The joint venture, called Stargate, plans to invest $500 billion, Trump said at the White House the previous day.

Oracle shares rose 3% after the closing bell on Tuesday, having finished regular trading up 7%, boosted by reports of the joint venture.

SoftBank Group, OpenAI and Oracle are forming a half-a-trillion dollar venture in the United States that will develop artificial intelligence infrastructure with warp-speed-type support from the U.S. government.

SoftBank Chairman and CEO Masayoshi Son will be the chairman of Stargate, the new company being formed, while SoftBank will be responsible for financial management of the venture.

Arm Holdings, a Nasdaq-listed subsidiary of SoftBank, will provide chip technology. Microsoft, Nvidia and Oracle will also be key vendors.

WASHINGTON — President Donald Trump on Tuesday talked up a joint venture investing up to $500 billion for infrastructure tied to artificial intelligence by a new partnership formed by OpenAI, Oracle and SoftBank. The new entity, Stargate, will start building out data centers and the electricity generation needed for the further development of the fast-evolving AI in Texas, according to the White House. The initial investment is expected to be $100 billion and could reach five times that sum. “It’s big money and high quality people,” said Trump, adding that...

US president says venture will be the largest AI infrastructure project in history ‘by far’. United States President Donald Trump has announced a $500bn joint venture with Texas-based tech firm Oracle, Japan’s SoftBank and ChatGPT-maker OpenAI to advance artificial intelligence infrastructure. Trump made the announcement at a White House event on Tuesday that was joined by Softbank CEO Masayoshi Son, OpenAI CEO Sam Altman, and Oracle Chief Technology Officer Larry Ellison.

WASHINGTON — President Donald Trump on Tuesday talked up a joint venture investing up to $500 billion for infrastructure tied to artificial intelligence by a new partnership formed by OpenAI, Oracle and SoftBank. The new entity, Stargate, will start building out data centers and the electricity generation needed for the further development of the fast-evolving AI in Texas, according to the White House. The initial investment is expected to be $100 billion and could reach five times that sum. “It’s big money and high quality people,” said Trump, adding that...

SAN FRANCISCO (KRON) — President Donald Trump stood with one of San Francisco’s top tech tycoons inside the White House on Tuesday to announce a $500 billion artificial intelligence project, dubbed “Stargate.” Trump held a press conference alongside Sam Altman of OpenAI and Larry Ellison of Oracle to reveal to hefty investments for creating infrastructure to power artificial intelligence, including developing data centers and electricity plants. “This will be the most important project of this era,” declared Altman, who founded his AI company in San Francisco.