TNB Tech Minute: OpenAI, SoftBank, Oracle Pledge $500B in U.S. AI Investment
WSJ Tech News Briefing
The Wall Street Journal
4.3 • 1.7K Ratings
🗓️ 21 January 2025
⏱️ 3 minutes
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| 0:00.0 | Ready to launch your business? Get started with the commerce platform made for entrepreneurs. |
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| 0:32.2 | tnb tech minute for tuesday january 21st i'm'm Julie Chang for the Wall Street Journal. |
| 0:43.8 | Three major tech companies are pledging up to $500 billion towards building artificial intelligence infrastructure in the U.S. OpenAI, SoftBank, Oracle, and other partners will |
| 0:49.4 | start a joint venture called Stargate to build the infrastructure. The companies are committing $100 billion |
| 0:55.5 | to the venture and planning to invest up to $500 billion over the next four years. Its first |
| 1:01.2 | project will be in Texas. The $100 billion sum includes some previously announced projects by |
| 1:06.6 | the tech companies involved, that's according to people familiar with the matter. OpenAI CEO Sam Altman, |
| 1:12.5 | SoftBank CEO Masayoshi Son, and Oracle chairman and CTO Larry Ellison went to the White House to announce |
| 1:18.8 | the deal today. Netflix is raising prices again. In the U.S., the company's ad-supported tier |
| 1:25.6 | will go up a dollar and cost $7.99 a month. |
| 1:28.7 | The cost of the premium tier will go up by $2 to $2499 a month. |
| 1:33.5 | The company reported revenue of $10.25 billion for the latest quarter. |
| 1:38.4 | Net profit rose to $1.87 billion in the fourth quarter, up from $938 million a year earlier. The streaming giant said it brought |
| 1:47.2 | nearly 19 million new subscribers in the fourth quarter, a 44% jump from a year earlier. It ended the |
| 1:53.7 | quarter with 301.6 million subscribers. The company has said this is the last time it'll disclose |
| 1:59.6 | quarterly subscriber numbers. |
| 2:01.5 | Shares jumped in after-hours trading. |
| 2:04.3 | And the Securities and Exchange Commission has named Republican Commissioner Hester Pierce as the head of a new cryptocurrency task force. |
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