Shares of SoftBank Group Corp. jumped as much as 8.1% after US President Donald Trump announced a multi-billion dollar push by the Japanese company, OpenAI and Oracle Corp. to build AI infrastructure in the US.

Masayoshi Son, the Japanese tycoon helming US President Donald Trump's big new AI push, is the son of an immigrant pig farmer with a spectacular but also sketchy investment record.

The three companies are set to partner on a new AI infrastructure “company” called Stargate, Trump said at the event. The companies will contribute $100 billion investments to start, with plans to pour up to $500 billion into the project in the coming years.

President Donald Trump is announcing investments worth up to $500 billion for infrastructure tied to artificial intelligence by a new partnership formed by OpenAI, Oracle and SoftBank.

The following is adapted from Gambling Man, my new biography of Masayoshi Son. As the Japanese founder and CEO of SoftBank, “Masa”—as he is known to friends and rivals alike—is probably ...

On his first full day in office, President Donald Trump announced a half-trillion-dollar AI initiative that will begin at Abilene's Lancium campus.

SoftBank Group Corp., OpenAI, and Oracle Corp. are forming a $100 billion joint venture to fund artificial intelligence infrastructure, an effort unveiled with President Donald Trump aimed at speeding development of the emerging technology.

Trump has promised to accelerate the production of American-made AI to compete against China for global leadership in the technology.

Tech stocks enjoyed a surge Wednesday, driven by a sharp rise in semiconductor shares after President Donald Trump, OpenAI's Sam Altman, Oracle Corp. (NYSE:ORCL) co-founder Larry Ellison, and SoftBank CEO Masayoshi Son unveiled the Stargate Project on Tuesday.

GoFundMe, the crowdfunding website where people can quickly raise money to help others, has generated more than $100 million for those impacted by the Los Angeles wildfires. The sum, pledged in the wake of the fires that erupted on Jan.

Trump's actions were the latest step in his drive to overhaul Washington and erase the work of President Joe Biden's administration.

Donald Trump began his presidency with a dizzying display of force, signing a blizzard of executive orders that signaled his desire to remake American institutions while also pardoning nearly all of his supporters who rioted at the U.S. Capitol on Jan. 6, 2021.