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.

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.

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 ...

Some of the funding would be used to help cover OpenAI’s $18 billion commitment to the recently announced Stargate project.

APF Properties, the office landlord that made a big, bad bet on WeWork, has defaulted on debt tied to another Midtown office property that lost the coworking firm as a top tenant. This transfer ...

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.

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SoftBank is in talks to inject up to $25 billion directly into OpenAI, positioning the Japanese tech conglomerate to become the ChatGPT maker's largest financial backer, according to initial reporting from the Financial Times on Wednesday evening.

In his newly built palace near Tokyo, lined by stone statues of Roman emperors and surrounded by an 18-hole golf course, Masayoshi Son was stewing. After declaring for years the imminent arrival of the artificial-intelligence revolution,

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,