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WSJ Tech News Briefing
TNB Tech Minute: OpenAI, SoftBank, Oracle Pledge $500B in U.S. AI Investment
Jan 21, 2025
Discover the massive $500 billion AI investment planned by OpenAI, SoftBank, and Oracle through a new initiative called Stargate. Netflix is at it again with another price increase for subscribers. Plus, a fresh wave of regulation comes as the SEC appoints 'CryptoMom' to lead a new cryptocurrency task force. Tune in for these intriguing updates in the tech realm!
02:49
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Quick takeaways
- OpenAI, SoftBank, and Oracle's joint venture aims to invest $500 billion over four years to enhance U.S. AI infrastructure.
- Netflix's recent price increase reflects its strategy to boost revenue amid significant subscriber growth and impressive quarterly profits.
Deep dives
Investment in AI Infrastructure
Major tech companies are committing significant financial resources towards developing artificial intelligence infrastructure in the United States. A joint venture called Stargate, involving OpenAI, SoftBank, Oracle, and others, has announced an initial investment of $100 billion, with plans to potentially reach $500 billion over the next four years. This initiative aims to enhance the country's AI capabilities, beginning with a project in Texas. The commitment demonstrates the growing importance of AI in the tech sector and the collaborative efforts to ensure robust infrastructure for future advancements.
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Discover
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