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Tag: Ellison

  • Trump’s AI deal fueling early cancer detection: Oracle’s Larry Ellison

    Trump’s AI deal fueling early cancer detection: Oracle’s Larry Ellison

    As Trump announced “Project Stargate,” a $500 billion AI joint venture, Ellison detailed how it will enable early cancer detection and the overall treatment of cancers in what is being considered a breakthrough healthcare technology.

    Oracle founder Larry Ellison said the massive artificial intelligence (AI) infrastructure project dubbed Stargate is helping to fuel the development of a cancer vaccine. 

    President Donald Trump announced this week that Oracle, OpenAI and Softbank joined forces to launch Stargate, which will build data centers in the U.S. to power AI.

    Ellison, also Oracle’s chief technology office, said during an interview that his company is leveraging tools from OpenAI and Softbank to develop a cancer vaccine. 

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    “One of the most exciting things we’re working on – again using the tools that Sam and Masa are providing – is our cancer vaccine,” Ellison said during a news conference with Trump in the Roosevelt Room of the White House on Tuesday.

    Ellison said early cancer detection can be provided with a simple blood test, and artificial intelligence can be leveraged to look at the blood test and find the cancers that are seriously threatening someone’s health.

    Oracle founder Larry Ellison speaks during a news conference with President Donald Trump in the Roosevelt Room of the White House on Jan. 21, 2025, in Washington, D.C. (Andrew Harnik/Getty Images / Getty Images)

    “Then beyond that, once we gene-sequence that cancer tumor, you can then vaccinate the person, design a vaccine for every individual person to vaccinate them against that cancer,” Ellison continued. “And you can make that vaccine, that mRNA vaccine, you can make that robotically again using AI in about 48 hours.”

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    He continued saying, “imagine early cancer detection, the development of a cancer vaccine for your particular cancer aimed at you and have it have that vaccine available in 48 hours. This is the promise of AI and the promise of the future.”

    Oracle founder Larry Ellison listens to President Donald Trump speak in the Roosevelt Room at the White House on Jan. 21, 2025, in Washington, D.C. (JIM WATSON/AFP via Getty Images / Getty Images)

    The initial investment for the project will be $100 billion, with plans to expand to $500 billion over the next four years. The first data center built under the initiative will be in Texas, and it will eventually expand to other states. 

    Trump said it is “the largest AI infrastructure project, by far, in history.”

    Trump was working to drum up private business investments in the U.S. prior to his second term. Last month, Softbank’s Masayoshi Son joined Trump in announcing Softbank’s plans for a $100 billion investment in America aimed at generating 100,000 new jobs.

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    A White House official told FOX Business that post-election, Trump has now secured $1 trillion in private investment for the U.S. in various projects.

    FOX Business’ Breck Dumas contributed to this report. 

  • Trump open to Elon Musk or Larry Ellison buying TikTok

    Trump open to Elon Musk or Larry Ellison buying TikTok

    President Donald Trump makes a major infrastructure announcement on his second day in office.

    President Donald Trump on Tuesday repeated his view that the U.S. should own half of TikTok and said he would be in favor of X owner Elon Musk or Oracle founder Larry Ellison purchasing the China-linked social media app.

    During his first day in office on Monday, Trump issued an executive order granting TikTok more time to operate and work toward compliance with a law forcing the platform’s Beijing-based owner, ByteDance, to either divest the app to an American buyer or shut the platform down in the U.S.

    Elon Musk, right, speaks with President Donald Trump. (Brandon Bell/Getty Images / Getty Images)

    Trump was asked during a press conference announcing the massive Stargate AI infrastructure project, involving Oracle, OpenAI and Softbank, whether he would be open to Musk, his close ally, purchasing TikTok.

    “I would be if he wanted to buy it, yeah,” the president replied, adding, “I’d like Larry to buy it, too,” nodding toward Ellison, who was present.

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    Trump said he met with the current owners of TikTok, and told the press, “I have the right to make a deal. So, the deal I’m thinking about…” then he turned to Ellison and said, “Larry, let’s negotiate in front of the media.”

    President Donald Trump and Larry Ellison

    Oracle founder Larry Ellison, right, listens to President Donald Trump speak in the Roosevelt Room of the White House in Washington, D.C., on Tuesday. (Jim Watson/AFP via Getty Images / Getty Images)

    The president said the deal he is thinking about would involve someone buying TikTok and giving “half to the United States of America, and we’ll give you the permit, and they’ll have a great partner.”

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    After explaining the deal, Trump turned back toward Ellison and said, “Sounds reasonable. What do you think?” 

    Ellison replied, “Sounds like a good deal to me, Mr. President.” Trump then turned back to the press and said of Ellison, “He can afford it, too.”

    ‘Shark Tank’ investor Kevin O’Leary talks TikTok’s future, the Chinese government’s role with a ‘secret golden share’ and the role Trump could play in keeping the platform available in the U.S.

    TikTok shut down its U.S. operations on Saturday, the day before its deadline to cease in accordance with the law. However, the platform restored U.S. operations on Sunday after Trump provided assurances that he would sign the executive order extending the deadline in order to reach an agreement that protects America’s national security.

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    “By doing this, we save TikTok, keep it in good hands and allow it to [stay] up. Without U.S. approval, there is no TikTok. With our approval, it is worth hundreds of billions of dollars – maybe trillions,” Trump wrote in a social media post on Sunday. “Therefore, my initial thought is a joint venture between the current owners and/or new owners whereby the U.S. gets a 50% ownership in a joint venture set up between the U.S. and whichever purchase we so choose.” 

    FOX Business’ Danielle Wallace contributed to this report.