January 22, 2025

Oracle

OpenAI, SoftBank and Oracle announce 0 billion AI infrastructure project in US; Sam Altman says it can cure cancer | Mint

OpenAI, SoftBank and Oracle announce $500 billion AI infrastructure project in US; Sam Altman says it can cure cancer | Mint

TheSpuzz Desk03 mins

Source: Live Mint SoftBank Group, OpenAI and Oracle have announced that they are forming a $500 billion joint venture in order to fund artificial intelligence infracture in the United States with a new joint venture dubbed ‘Stargate’. The announcement was made by OpenAI CEO Sam Altman, SoftBank CEO Masayoshi Son and Oracle Chairman Larry Ellison…

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Oracle surges 15% to hit record high after Q1 cloud bookings swell on AI boom, stock up 33% YTD | Stock Market News

Oracle surges 15% to hit record high after Q1 cloud bookings swell on AI boom, stock up 33% YTD | Stock Market News

TheSpuzz Desk03 mins

Source: Live Mint Oracle Corp. shares reached an all-time high following the company’s announcement of profits and bookings that exceeded expectations, indicating that the growing demand for artificial intelligence is driving growth in its cloud computing sector. On Tuesday morning in New York, the shares surged up to 15 per cent, reaching a record intraday…

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