💨 Abstract

President Trump announced a $500 billion joint venture between Oracle, OpenAI, and SoftBank called Stargate, aiming to boost American AI infrastructure and compete with China. The venture will initially invest $100 billion, with Oracle shares rising 9% in premarket trading. The project plans to use Nvidia chips and will boost demand for data centers and electricity, benefiting companies like Vistra and Dell Technologies.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖