The effort was described as a $500 billion investment in artificial intelligence. Read how a small Texas city with a population of about 130,000 fits into the plans.

The auctions were the result of a civil lawsuit against Larmore and Arciterra filed by the Securities and Exchange Commission, which accused the company in November 2023 of defrauding its investors out of $35M. A judge placed the properties in receivership a month later, and the receiver hired Marcus & Millichap to find buyers.

Masayoshi Son of SoftBank, Sam Altman of OpenAI and Larry Ellison of Oracle joined Trump for the $500 billion announcement.

President Donald Trump on Tuesday talked up a joint venture investing up to $500 billion for infrastructure tied to artificial intelligence by a

The new entity, Stargate, will start building out projects needed for the further development of the fast-evolving AI in Texas ... office-sharing company WeWork. While Trump has seized on similar ...

President Donald Trump is talking up a joint venture investing up to $500 billion for infrastructure tied to artificial intelligence by a new partnership formed by OpenAI, Oracle and SoftBank.

Texas will serve as the launch point for an ... who's backed ventures such as Uber and WeWork. The Stargate Project will be a new company, with OpenAI and SoftBank as "lead partners," according ...

A total of 15 of the 31 seats in the Texas State Senate were up for election in 2024. The chamber's Republican majority increased from 19-12 to 20-11. All 31 seats in the Texas State Senate were up for election in 2022. The chamber's Republican majority ...

Masayoshi Son, the Japanese tycoon helming US President Donald Trump's big new AI push, is the son of an immigrant pig farmer with a spectacular but also sketchy investment record.

President Donald Trump's behemoth $500 billion AI infrastructure project, dubbed Stargate, may be doomed from the start. According to the Financial Times' sources, the project will "exclusively serve" OpenAI,

Tech titan Elon Musk cast doubt Wednesday on a $500 billion AI project announced by U.S. President Donald Trump, saying the money promised for the investment actually wasn't there. The comments marked a rare instance of a split between the world's richest man and Trump,

The U.S. Energy Information Administration has forecast higher wholesale power prices for 2025 across the country's regional markets, except Texas and the Northwest. EIA sees higher U.S. wholesale ...