Technology giants plan billion-dollar AI joint appearance

Oracle's shares rose more than 7% on Tuesday following reports of a new joint venture with OpenAI and Softbank. The three technology companies are planning a joint project called "Stargate," which will focus on artificial intelligence infrastructure in the U.S., as first reported by CBS News. For the official announcement, Oracle co-founder Larry Ellison, OpenAI CEO Sam Altman, and Softbank CEO Masayoshi Son will meet with President Donald Trump at the White House. Trump is expected to announce a significant infrastructure investment. The executives plan to initially invest $100 billion in "Stargate," with this amount potentially growing to $500 billion over the next four years. An initial project envisions the construction of a data center in Texas. Additional investors may still join. Softbank and Oracle did not immediately respond to requests for comment, while OpenAI declined to comment. On his first day in office, Donald Trump set new priorities with numerous executive orders, including declaring a national energy emergency and retracting regulations from the previous administration. NetChoice, a coalition of major technology companies, emphasized the importance of these measures to keep the U.S. at the forefront of technological innovation.