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,
OpenAI itself has been accused of building ChatGPT by inappropriately accessing content it didn't have the rights to.
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.
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.
Earlier this week, he unveiled perhaps the most ambitious infrastructure project in history—and all but dedicated it to Sam Altman.
President Donald Trump called Stargate, a new joint venture by OpenAI, Oracle, and SoftBank, "the largest AI infrastructure project in history."
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.
Sam Altman, the CEO of OpenAI, has announced a shift in his previously critical perspective on President Donald Trump. Newsweek has contacted OpenAI and the White House for comment via email.