SoftBank, Oracle, MGX form Stargate Project with ChatGPT maker, intend to outspend Microsoft this year Updated OpenAI, Oracle, SoftBank, and investment firm MGX on Tuesday announced plans to spend as much as $500 billion on AI infrastructure in America over the next four years,

Competitors Anthropic and OpenAI continue to refuse to take a back seat to each other when it comes to headline-grabbing news. We take a look at what they're up to now.

The Federal Trade Commission (FTC) said in a staff report issued Friday that there are potential competitive issues in partnerships between Big Tech

OpenAI is making gains at the expense of its chief rivals. On Tuesday, the company announced the Stargate Project, a new joint venture involving Japanese conglomerate SoftBank, Oracle, and others to build AI infrastructure for OpenAI in the U.

Microsoft is poised for growth with OpenAI and Project Stargate. Find out why MSFT stock is a strong pick while rivals like Intel risk obsolescence.

The dependency dance between AI pioneer OpenAI and the Microsoft Azure cloud and the application software divisions of its parent company are fascinating

The cash infusion comes on top of the $2 billion that Google has already provided to the artificial intelligence developer. Separately, Anthropic is said to be raising $2 billion from a group of institutional investors led by Lightspeed Venture Partners. The latter deal is expected to value the company at $60 billion.

President Trump sounded a lot of populist notes on the campaign trail. But as he took the oath of office for the second time, he was joined onstage by billionaires and CEOs who’d spent millions to be there — leaving supporters who’d traveled across the country to attend literally out in the cold.

The AI contender to the apparent market leader finished a $2 million funding round and now has a $60 billion valuation.

This development follows the introduction of the o3 series, designed to enhance AI's ability to tackle complex problems through improved reasoning capabilities. The o3 mini model represents a significant leap from its predecessor, o1, by incorporating advanced reasoning skills that allow for step-by-step logical analysis.

The commission noted that the investment may extend Microsoft's dominance in cloud computing into the emerging AI market.