For much of the 2010s, Oracle (NYSE: ORCL) stock went nowhere as the legacy tech giant struggled to deliver growth and fell behind the faster growing tech stocks now known as the "Magnificent Seven." However,
President Donald Trump and OpenAI chief Sam Altman weighed in on the buzz surrounding DeepSeek, a Chinese artificial intelligence startup that rocked the U.S. tech sector on Monday.
Some of the funding would be used to help cover OpenAI’s $18 billion commitment to the recently announced Stargate project.
Trump announced a $500 billion joint venture between OpenAI, Softbank, MGX and Oracle to build new datacenters to power the next wave of AI.
OpenAI CEO Sam Altman's decision to join President Trump's "Stargate" AI initiative marks a stark reversal for the tech CEO, who previously was a vocal critic of Trump.
The president joined leaders from OpenAI, Oracle and SoftBank to launch the ambitious project, but questions remain about its implementation, offerings and timeline.
Earlier this week, he unveiled perhaps the most ambitious infrastructure project in history—and all but dedicated it to Sam Altman.
OpenAI itself has been accused of building ChatGPT by inappropriately accessing content it didn't have the rights to.
TOKYO (Reuters) - Japanese Prime Minister Shigeru Ishiba will hold talks with OpenAI CEO Sam Altman and SoftBank Group CEO Masayoshi Son on Monday, the Japanese government said on Friday.
Such announcements aren’t without political risks, as OpenAI learned when Trump adviser Elon Musk criticized the deal on the social network he owns.
President Donald Trump spoke with OpenAI CEO Sam Altman by phone Friday, ahead of the AI infrastructure announcement, CNBC has learned.
OpenAI has announced ChatGPT Gov, a new version of their premiere AI models that the company hopes will be used securely by U.S. government agencies.