Oracle Stock Surges On $500 Billion ‘Stargate’
OpenAI-Trump Deal
Forbes,
by
Derek Saul
Original Article
Posted By: Dreadnought,
1/21/2025 6:35:30 PM
Topline Oracle stock was the most notable winner from the stock market’s first day of trading during President Donald Trump’s second term as Trump unveiled a $500 billion artificial intelligence infrastructure partnership between the cloud computing and data storage giant and other AI heavyweights including OpenAI and Nvidia. Key Facts
The AI infrastructure deal, dubbed “Stargate,” involves Oracle, OpenAI (the Microsoft-backed parent of the generative AI ChatGPT program), top AI tech designer Nvidia and Tokyo-headquartered conglomerate SoftBank, matching reports earlier Tuesday.
Trump announced the project at a White House press conference flanked by Oracle’s billionaire chairman Larry Ellison, OpenAI’s billionaire CEO Sam Altman and SoftBank’s billionaire CEO Masayoshi Son.
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Reply 1 - Posted by:
DVC 1/21/2025 7:03:12 PM (No. 1878656)
Still not a fan of AI. I don't think it's going to be even 10% as big as they claim.
9 people like this.
Reply 2 - Posted by:
NorthernDog 1/21/2025 7:03:58 PM (No. 1878658)
Ellison's net worth was hovering just over $200 Billion last week. It's probably well over that threshold tonight.
6 people like this.
Reply 3 - Posted by:
NeonVortex 1/21/2025 7:42:49 PM (No. 1878694)
Still not a fan? Youre going to get steamrolled.
6 people like this.
Reply 4 - Posted by:
anniebc 1/21/2025 8:08:15 PM (No. 1878720)
I just think AI will be used against us, even if it starts out good. And breaches happen all the time; it's impossible to protect your privacy.
12 people like this.
Reply 5 - Posted by:
franq 1/22/2025 6:04:40 AM (No. 1878895)
AI is still a human creation.
Just more and more powerful lines of code. Teamed with souped-up hardware.
It's not SkyNet, but could be used as a weapon in that fashion.
The media loves sensational stories.
Send In The Drones
6 people like this.
Reply 6 - Posted by:
Dodge Boy 1/22/2025 8:24:42 AM (No. 1878996)
There will be good AI and bad AI. The bad AI is what worries me.
6 people like this.
Reply 7 - Posted by:
Zigrid 1/22/2025 9:28:17 AM (No. 1879050)
Turn a billionaire businessman loose in the White House and everyone starts to make money....do I understand this AI "thing"...no ...but I trust President Trump...so I'll not be negative about this.....what does AI stand for....alternative information???....is that like biden's mis/information?...I hope not....WE've had four years of "someone" telling US what is good for US and then stabbing US in the back...like the woman dictating to President Trump ...from the pulpit...what he MUST do...bye ...bye...baby...WE are through with wokeies.....
3 people like this.
Reply 8 - Posted by:
jasonB 1/22/2025 10:44:42 AM (No. 1879124)
Oh great, MRNA "vaccines" in 48 hours! And Ellison loves the idea of an interconnected surveillance state to "keep everyone on their best behavior"
This guy is a danger to this country.
I don't come here without the facts. Go look it up. Get LOUD now.
3 people like this.
Reply 9 - Posted by:
danu 1/22/2025 11:27:21 AM (No. 1879164)
1--to me, the sound of AI is so off-putting, i run-not walk-away.
2--anything involving billgatesof hell is a toxic cover for de-populationist evil. kill babies. kill.
3--i listened carefully to that fairy-tale grade list of.....we'll-love-you-forever promises if....
if ...
you let us despoil prime american land--and walk away-- from the crocodiles,
as so many before us have done....oopsie....
4- this walks talks and hisses like another snake from the peter-pan class of snake oil salesmen.
i could see and feel the mad ave dissembling on my skin....
2 people like this.
Reply 10 - Posted by:
joew9 1/22/2025 11:55:27 AM (No. 1879201)
1st: What we have so far is not really AI per the definition.
2nd: What is being claimed to be AI in most cases is nothing any different than the lousy automatic responses you get when you try to get help at a website on one of those automatic chat windows for some product and no matter how you phrase the question you get an off topic response.
3rd: Even if it is working the government should stay out of it. The government will end up biasing the leaders instead of allowing the consumers to sort it out.
I predict that like the dot com bust we had, we will also have an AI bust. There will be an Enron and a Worldcom.
2 people like this.
Reply 11 - Posted by:
PrayerWarrior 1/22/2025 12:01:03 PM (No. 1879211)
Can't help but think Big Brother and 666. Hope I'm wrong and there are guard rails on AI and we're safe.
1 person likes this.
Reply 12 - Posted by:
kennedylaw 1/22/2025 12:26:55 PM (No. 1879243)
It is the new space race. Every adversarial nation on Earth is working on their own AI programs, programs that could wreck havoc on our economy, power plants, Internet, and defense. Think computer viruses on steroids. Every malicious use of AI that you can think of, someone somewhere is working to make it a reality. I would prefer that we are far in the lead.
1 person likes this.
Reply 13 - Posted by:
DrOstrow 1/22/2025 12:58:18 PM (No. 1879270)
Once again into the breech .......................................
AI is a marketing term and NOTHING MORE !
We are being softened up AGAIN. Call it a Democracy instead of Republic !
Call it Climate Change instead of Man Made Climate Change !
Call it 'Trans Gender' instead of 'very confused and in need of professional help' !
Get people used to the propaganda term so that they are comfortable with it !
Problem one - see if you can find ( I've never seen one ) a good, accurate
definition of 'intelligence' INCLUDING things like savants, 'human calculators'
'photographic memories', persons who can remember what they did on almost ANY day in their life, etc.
This whole 'AI' fantasy is being pushed as some new 'wonder phenomenon' that is gonna save us all.
Unless I've missed something ( very possible, maybe even likely ) computers are still using 'base 2', zero and ones and I still don't believe the human mind works
using base 2 !
This whole farce is just bigger, more complicated, more bug infested programs
and NOTHING MORE. Trying to make people interact with computers and make those persons BELIEVE that they are talking to / listening to a PERSON has been 'experimented with' for DECADES with varying success ( mostly little to none ).
Just another band wagon for you to jump onto without thinking about it and/or r or just another way of eroding your privacy and making you more vulnerable !
1 person likes this.
Reply 14 - Posted by:
skacmar 1/22/2025 5:58:41 PM (No. 1879423)
Nancy Pelosi is cursing Donald Trump right now since she did not get early notice of this press conference so that she could have her husband make the appropriate stock purchases.
1 person likes this.
Reply 15 - Posted by:
Heil Liberals 1/22/2025 6:45:09 PM (No. 1879460)
This is rent seeking. Nothing good will come from it. Dr. Robert Malone wrote an article about this today. Larry Ellison just increased his wealth via the treasure of the people and nothing more. Cancer is so much more complicated than most understand. It is very specific in every individual, therefore, according to Dr. Malone, an mRNA injection approach is not only foolish, but incredibly dangerous.
1 person likes this.
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