Some of the funding would be used to help cover OpenAI’s $18 billion commitment to the recently announced Stargate project.

OpenAI chief Sam Altman has said he thinks Donald Trump will be "incredible ... most notably its backing of bankrupt co-working firm WeWork. Altman and Microsoft CEO Satya Nadella have attempted to silence some of the questions surrounding the project's ...

OpenAI's Sam Altman is making the rounds in D.C. on Thursday in an attempt to show unity with President Trump and announce a new initiative to make sure the government has the most capable AI. Why it matters: Tech companies see an opportunity in the new Trump administration to shape AI policy.

Masayoshi Son of SoftBank, Sam Altman of OpenAI and Larry Ellison of Oracle joined Trump for the $500 billion announcement.

Altman took to X to dispute Musk's characterisation on Wednesday, calling it wrong and suggesting Musk was upset because the pact could rival the billionaire's own AI efforts

The Stargate announcement prompted immediate skepticism over whether it would come to fruition, or represented new spending by the companies.

After getting epically roasted by the AI industry, OpenAI is seemingly refusing to reevaluate its approach, asking investors to close their eyes and give them another $40 billion anyway, pretty please.

This follows the announcement of Stargate, a $500 billion initiative by SoftBank, OpenAI, and Oracle aimed at keeping the U.S. ahead in the global AI race.

SoftBank is in talks to inject up to $25 billion directly into OpenAI, positioning the Japanese tech conglomerate to become the ChatGPT maker's largest financial backer, according to initial reporting from the Financial Times on Wednesday evening.

SoftBank is reportedly in advanced discussions to invest up to $25 billion in OpenAI. SoftBank is in talks to invest $25 billion in OpenAI, making it the largest investor in the ChatGPT maker. If finalized,

This is a massive head start, and cultural symmetry that seemed to make American AI predestined. Open AI is backed by a US$14 billion investment from Microsoft, and has access to the cloud infrastructure that powers its Large Language Model.