Billionaire Larry Ellison’s backing of Stargate could help grease the wheels for the embattled merger between Paramount Global and Skydance Media, sources told The Post.
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,
OpenAI, Oracle, SoftBank, and MGX are the lead partners in Stargate, according to OpenAI.
OpenAI CEO Sam Altman called Stargate, “the most important project for this era” and promised that all of the new investment his company was making would help cure diseases. Altman was actually prompted by Trump to talk about the medical advances that AI would supposedly figure out.
The $500 billion Stargate project will be critical to "maintain American leadership in AI," one of the partners said in a statement.
Musk slammed a Trump-backed $500 billion AI joint venture building out OpenAI’s artificial general intelligence.
President Trump has announced a major AI initiative called "Stargate" -- but the firms involved have DEI policies that go against his goal of eliminating such programs.
Yes, that's the name of a 1994 Roland Emmerich movie. It's now a big infrastructure project to help power tech giants' foray into AI.
Last month, Trump announced with SoftBank's Son in Mar-a-Lago that SoftBank would invest $100 billion in US projects over the next four years, creating 100,000 jobs. Those investments will focus on infrastructure that supports AI, including data centers, energy generation, and chips, according to a source.
President Donald Trump has said he would be open to Tesla CEO Elon Musk or Oracle chairman Larry Ellison buying TikTok as part of a joint venture with the
President Donald Trump said he'd be open to the possibility of TikTok's sale to Elon Musk or Larry Ellison. President Biden in 2022 announced Admiral Linda Fagan as the new commandant of the U.S. Coast Guard making her the first woman to lead a branch of the U.S. military. President Trump's administration has now fired Fagan.