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Trump Unveils $500bn Stargate AI Venture for US; DeepMind Spinoff Accelerates AI Drug Discovery
Trump unveils $500bn joint AI venture between OpenAI, Oracle and SoftBank
Image Source: Guardian
• Trump announced a $500bn joint venture named Stargate involving OpenAI, Oracle, and SoftBank to build AI infrastructure across the US.
• The partnership aims to establish data centers and computing infrastructure to support artificial intelligence development and create over 100,000 American jobs.
OpenAI and Softbank are starting a $500 billion AI data center company
Image Source: Verge
• OpenAI, Softbank, and Oracle are partnering to launch The Stargate Project, a $500 billion investment over four years to build new AI infrastructure in the U.S.
• Microsoft's partnership with OpenAI has evolved, with a new large Azure commitment to support all OpenAI products, but Microsoft now has the right of first refusal over OpenAI building new capacity.
Europe accelerates AI drug discovery as DeepMind spinoff targets trials this year
Image Source: TheNextWeb
• Isomorphic Labs, a Google DeepMind spinoff, plans to start testing its first AI-designed drugs in clinical trials this year, aiming to accelerate drug discovery using machine learning algorithms.
• The use of AI-powered drug discovery is gaining momentum as startups leverage algorithms to analyze data, predict molecule patterns, and expedite the development of new treatments.
SoftBank Joins OpenAI, Oracle in AI Pact Unveiled by Trump
Image Source: Bloomberg
• SoftBank Group Corp., OpenAI, and Oracle Corp. are collaborating on a $100 billion joint venture to support AI infrastructure development.
• The initiative was announced in conjunction with President Donald Trump to accelerate progress in AI technology.
Google Invests Another $1 Billion in AI Developer Anthropic
Image Source: Bloomberg
• Google is investing an additional $1 billion in AI developer Anthropic to strengthen its position in the AI industry.
• Anthropic is seen as one of the top competitors to OpenAI, making Google's investment significant in shaping the AI landscape.