President Donald Trump announced the $500 billion Stargate Project in Texas to advance AI research, starting with a data center in Abilene.

Following his inauguration, President Donald Trump unveiled what he calls “the largest AI infrastructure project in history.” Dubbed Stargate, the $500 billion joint venture between OpenAI, Oracle (ORCL),

Oracle stock jumped after a report that the company is set to invest billions in an AI infrastructure buildout with Trump's backing.

Larry Ellison unveiled plans for an AI-driven cancer vaccine system that could deliver personalized treatments within 48 hours.

OpenAI has announced that it's teaming up with Softbank and Oracle on $100 billion data center project in the U.S.

Oracle (ORCL) shares surged nearly 9% in pre-market ... Initial construction of data centers has already begun in Texas. Stargate venture to invest $500 billion over four years.

President Donald Trump was joined by the CEOs of Softbank, OpenAI and Oracle to announce a major private artificial intelligence infrastructure investment.

Financial writer analyzes ORCL's performance in the generative AI boom, warns of inflated valuations, and recommends taking profits.

Deepseek logo and rising stock graph are seen in this illustration taken, January 27, 2025. REUTERS/Dado Ruvic/Illustration/File Photo

Thank you for reporting this station. We will review the data in question. You are about to report this weather station for bad data. Please select the information that is incorrect.

The effort was described as a $500 billion investment in artificial intelligence. Read how a small Texas city with a population of about 130,000 fits into the plans.

Oracle's shares jumped nearly 9% before the bell on Wednesday after U.S. President Donald Trump said the company would make a large investment in artificial intelligence infrastructure, alongside OpenAI and SoftBank .