SoftBank Group Corp., OpenAI, and Oracle Corp. have announced a $100 billion joint venture to fund AI infrastructure. This initiative, revealed by President Donald Trump, aims to accelerate the development of AI technology. Trump highlighted the unprecedented level of investment coming into the country during the announcement at the White House.

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.“We’re starting off with tremendous investment coming into our country at levels that nobody’s really ever seen before,” Trump said at the White House on Tuesday.

SoftBank, OpenAI, and Oracle Form $100 Billion AI Joint Venture Unveiled by Trump