Moderna stock surged Wednesday after Oracle Chairman Larry Ellison praised the potential of AI in developing medicines.

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

Chairman Larry Ellison highlighted the AI's potential in the development of mRNA-based cancer vaccines. Read more here.

“They have to produce a lot of electricity and we will make it possible for them to get that production done very easily, at their own plants if they want,” Trump said. “At the AI plant they will build energy generation and that will be incredible.” It’s unclear if building energy operations inside an AI data center is possible in practice.

President Trump has announced a major AI initiative called "Stargate" -- but the firms involved have DEI policies that go against his goal of eliminating such programs.

OpenAI CEO Sam Altman, Oracle founder Larry Ellison and SoftBank CEO Masayoshi Son comment on President Trump’s Stargate AI investment project in an interview with FOX News anchor Bret Baier on ‘Special Report.

The Stargate project, led by OpenAI's Sam Altman - to build the "world's largest AI infrastructure" - was announced by Donald Trump at a special press conference at the White House. Elon Musk, however,

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

Larry Ellison unveiled plans for an AI-driven cancer vaccine system that could deliver personalized treatments within 48 hours.

US tech titans Elon Musk, Mark Zuckerberg and Jeff Bezos are taking a prominent place in the new Trump era, but another player from another era -- Oracle boss Larry Ellison -- is making a surprise return.

US President Donald Trump announced a USD 500 billion investment in AI infrastructure through a new company, which is being created in partnership with Oracle, SoftBank and Open AI. The venture, called Stargate,