Part 5/11:
In recent developments, Oracle’s discussions with the U.S. government, including a meeting with President Trump, have centered around bringing jobs back to the U.S. and reducing reliance on offshoring and H1B visas. Trump’s administration has pushed for raising the costs of H1B visas to half a million dollars for companies, effectively making offshoring less attractive.
Furthermore, Oracle has entered a deal with OpenAI to build AI infrastructure under Project Stargate—a major investment totaling $500 billion. This enormous capital infusion aims to accelerate the establishment of domestic data centers, which aligns with government incentives and policies favoring onshore development and job creation.