Masayoshi Son founded SoftBank in 1981. It has invested millions in some of Silicon Valley's biggest tech companies.

Masa first encountered Steve Jobs in the mid-1980s at the annual Comdex trade fair in Las Vegas. Sometime in the summer of 1998, they had their first serious conversation under a cherry tree at the Woodside, California, home of Larry Ellison, boss of the Oracle software group and a fellow Japanophile.

OpenAI, Oracle, SoftBank, and MGX are the lead partners in Stargate, according to OpenAI.

The $500 billion Stargate project will be critical to "maintain American leadership in AI," one of the partners said in a statement.

Shares of Nvidia (NASDAQ:NVDA) are jumping over 4% in morning trading after President Trump announced a $500 billion artificial intelligence infrastructure plan yesterday. As a key architect in existing AI infrastructure,

The $500 billion Stargate Initiative — led by Trump, OpenAI, SoftBank, and Oracle — is set to revolutionize U.S. AI infrastructure.

On Tuesday afternoon, President Donald Trump held a press conference to announce Stargate, a $500 billion artificial intelligence (AI) infrastructure project in the United States. He called it the "largest AI infrastructure project, by far, in history."

OpenAI, SoftBank Group, Abu Dhabi, and Oracle are among the players in a joint venture meant to pour hundreds of billions more into AI data center funding.

DeepSeek-R1-Zero, a model trained via large-scale reinforcement learning (RL) without supervised fine-tuning (SFT) as a preliminary step, demonstrates remarkable reasoning capabilities. Through RL, DeepSeek-R1-Zero naturally emerges with numerous powerful and intriguing reasoning behaviors.

Shares of NVIDIA Corporation (NASDAQ: NVDA) and other AI stocks such as Dell Technologies Inc. (NYSE: DELL), Oracle Corporation (NYSE: ORCL) and Arm Holdings plc (NASDAQ: ARM) are trading higher Tuesday buoyed by reports of a major private sector investment in artificial intelligence infrastructure.

Big tech's rapid earnings growth finally slowing has been a risk to the market strategists have been talking about for more than a year.

DeepSeek, a Chinese startup, has released a free AI assistant that rivals OpenAI's ChatGPT in quality and was reportedly produced for a fraction of the price, throwing the tech industry into a tailspin.