HUGE AI News! Trump - Open AI - Softbank Join Forces

report on a major new $500 billion AI initiative, dubbed "Stargate," announced by President Donald Trump. The public-private partnership, involving SoftBank, OpenAI, and Oracle, aims to dramatically increase AI investment in the U.S. to $500 billion over four years, creating significant job growth and infrastructure development, primarily through data center construction. The initiative reverses previous administration policies, easing regulations and potentially leveraging SoftBank's substantial cash reserves. The announcement generated positive market reactions, with Oracle's stock rising significantly, though questions remain about the funding sources. Trump also announced a 10% tariff on Chinese imports.