The news is the latest sign of skyrocketing valuations for privately held AI start-ups, which show growing investor enthusiasm for AI and confidence that companies like Anthropic will justify that valuation over the long term, eventually generating billions in profits.

At a press conference capping his first full day back in the White House, Donald Trump stood beside three of the most influential executives in the world—Sam Altman of OpenAI, Larry Ellison of Oracle,

WHEN SAM ALTMAN, boss of OpenAI, posted a gnomic tweet this month saying “There is no wall,” his followers on X, a social-media site, had a blast. “Trump will build it,” said one. “No paywall for ChatGPT?” quipped another. It has since morphed from an in-joke among nerds into a serious business matter.

The $500 billion Stargate project will be critical to "maintain American leadership in AI," one of the partners said in a statement.

OpenAI CEO Sam Altman envisions a future where artificial intelligence (AI) surpasses human intelligence and becomes a fundamental part of daily life. Speaking on the "Re:Thinking" podcast, he discussed AI's impact on jobs and the economy,

The $500 billion Stargate Initiative — led by Trump, OpenAI, SoftBank, and Oracle — is set to revolutionize U.S. AI infrastructure.

OpenAI, Oracle, SoftBank, and MGX are the lead partners in Stargate, according to OpenAI.

We recently published a list of 10 AI News You Should Definitely Take a Look At. In this article, we are going to take a look at where NVIDIA Corporation (NASDAQ:NVDA) stands against other AI news you should definitely take a look at.

Shortly after the announcement of the ambitious $500 billion Project Stargate, Tesla Inc. CEO Elon Musk cast doubt on the project’s funding. Musk claimed that lead investor SoftBank Group has "well under $10B secured," contradicting the project’s grand unveiling at a White House briefing.

The price of Worldcoin jumped Wednesday, leading the crypto market after OpenAI's $500 billion AI initiative was unveiled.

On Tuesday afternoon, President Donald Trump held a press conference to announce Stargate, a $500 billion artificial intelligence (AI) infrastructure project in the United States. He called it the "largest AI infrastructure project, by far, in history."