SoftBank's Role in $500 Billion Stargate AI Venture Seen as Major Growth Driver, Analyst Says
SoftBank(SOBKY) Benzinga·2025-01-23 02:46
The Trump Administration has announced an AI infrastructure joint venture in the U.S. named “Stargate,” comprised of OpenAI, SoftBank Group SFTBF SFTBY, Oracle Corp ORCL, and Abu Dhabi’s MGX. The venture will deploy $100 billion initially and up to $500 billion over the next four years.Masayoshi Son of SoftBank (rated Outperform), Sam Altman of OpenAI, and Larry Ellison of Oracle participated in the press conference at the White House.Also Read: Anthropic Gains Big With Google Backing, Aims for $60 Billion ...