OpenAI, SoftBank and Oracle announce $500 billion AI infrastructure project in US; Sam Altman says it can cure cancer

SoftBank Group, OpenAI and Oracle have announced that they are forming a $500 billion joint venture in order to fund artificial intelligence infracture in the United States with a new joint venture dubbed ‘Stargate’. The announcement was made by OpenAI CEO Sam Altman, SoftBank CEO Masayoshi Son and Oracle Chairman Larry Ellison in the prescence…

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Nifty, Sensex sink to seven-month low amid jitters over Trump’s swearing-in

Mumbai: Donald Trump’s sabre-rattling before and after his swearing-in sent the Indian markets scurrying for cover on Tuesday, with benchmarks Nifty 50 and S&P BSE Sensex tumbling to their respective seven-month lows. Investors were already in a sombre mood, thanks to sluggish corporate earnings, foreign investor sell-offs, and pre-budget jitters. The uncertainty sparked by the…

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Davos 2025: Emerging economies make their mark

The general mood is upbeat at this year’s World Economic Forum (WEF), though day one at Davos coincided with a flurry of executive orders by US President Donald Trump immediately after he took oath. As several sessions at WEF are on climate change and global collaboration on artificial intelligence (AI) and sustainability, President Trump’s executive…

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