Russia Investigates Large Oil Depot Fire in Region Near Ukraine

Rescuers clear debris in a damaged building in Odessa, southern Ukraine on April 24, 2022, which was reportedly hit by missile strike. (AFP)
Rescuers clear debris in a damaged building in Odessa, southern Ukraine on April 24, 2022, which was reportedly hit by missile strike. (AFP)
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Russia Investigates Large Oil Depot Fire in Region Near Ukraine

Rescuers clear debris in a damaged building in Odessa, southern Ukraine on April 24, 2022, which was reportedly hit by missile strike. (AFP)
Rescuers clear debris in a damaged building in Odessa, southern Ukraine on April 24, 2022, which was reportedly hit by missile strike. (AFP)

Russia said on Monday it would investigate the cause of a large fire that erupted in the early hours of the morning at an oil storage facility in the city of Bryansk 154 km (96 miles) northeast of the border with Ukraine.

Unverified social media footage showed what sounded like two explosions followed by a tower of flames, with one unverified video showing a fire raging around a giant fuel reservoir.

Russia's Ministry of Emergency Situations said nobody had been hurt in the incident.

The ministry said in a statement that the fire had broken out at a facility owned by oil pipeline company Transneft at 0200 Moscow time (2300 GMT), and that there had been no need to evacuate any parts of Bryansk, a city of 400,000 people.

The energy minister declined immediate comment.

Other unverified footage showed what looked like another fire burning at a second location in Bryansk.

There was no immediate indication that the fire or fires were related to Ukraine, which has mounted fierce resistance against Russia since President Vladimir Putin sent troops into Ukraine on Feb. 24 in what he called a special operation.

There was however unconfirmed speculation on social media that the fire or fires were the result of a Ukrainian missile strike.

There was no immediate comment from Ukraine which has denied or not responded to previous suggestions that it has struck targets inside Russia.

Russian officials said last week that Ukrainian helicopters had hit residential buildings and injured seven people in the Bryansk region. Ukraine's defense ministry did not respond to a request for comment on that allegation at the time.



Trump Announces Private-sector $500 Billion Investment in AI Infrastructure

US President Donald Trump (L) gives remarks on artificial intelligence (AI) Infrastructure as Larry Ellison (2-L), Chief technology officer of Oracle, Masayoshi Son (2-R), CEO of SoftBank, Sam Altman (R), CEO of OpenAI look on in the Roosevelt Room of the White House in Washington, DC, USA, 21 January 2025. EPA/AARON SCHWARTZ / POOL
US President Donald Trump (L) gives remarks on artificial intelligence (AI) Infrastructure as Larry Ellison (2-L), Chief technology officer of Oracle, Masayoshi Son (2-R), CEO of SoftBank, Sam Altman (R), CEO of OpenAI look on in the Roosevelt Room of the White House in Washington, DC, USA, 21 January 2025. EPA/AARON SCHWARTZ / POOL
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Trump Announces Private-sector $500 Billion Investment in AI Infrastructure

US President Donald Trump (L) gives remarks on artificial intelligence (AI) Infrastructure as Larry Ellison (2-L), Chief technology officer of Oracle, Masayoshi Son (2-R), CEO of SoftBank, Sam Altman (R), CEO of OpenAI look on in the Roosevelt Room of the White House in Washington, DC, USA, 21 January 2025. EPA/AARON SCHWARTZ / POOL
US President Donald Trump (L) gives remarks on artificial intelligence (AI) Infrastructure as Larry Ellison (2-L), Chief technology officer of Oracle, Masayoshi Son (2-R), CEO of SoftBank, Sam Altman (R), CEO of OpenAI look on in the Roosevelt Room of the White House in Washington, DC, USA, 21 January 2025. EPA/AARON SCHWARTZ / POOL

US President Donald Trump on Tuesday announced a private sector investment of up to $500 billion to fund infrastructure for artificial intelligence, aiming to outpace rival nations in the business-critical technology.
Trump said that ChatGPT's creator OpenAI, SoftBank and Oracle are planning a joint venture called Stargate, which he said will build data centers and create more than 100,000 jobs in the United States, Reuters reported.
These companies, along with other equity backers of Stargate, have committed $100 billion for immediate deployment, with the remaining investment expected to occur over the next four years.
SoftBank CEO Masayoshi Son, OpenAI CEO Sam Altman and Oracle Chairman Larry Ellison joined Trump at the White House for the launch.
The first of the project's data centers are already under construction in Texas, Ellison said at the press conference. Twenty will be built, half a million square feet each, he said. The project could power AI that analyzes electronic health records and helps doctors care for their patients, Ellison said.
The executives gave Trump credit for the news. "We wouldn't have decided to do this," Son told Trump, "unless you won."
"For AGI to get built here," said Altman, referring to more powerful technology called artificial general intelligence, "we wouldn't be able to do this without you, Mr. President."
It was not immediately clear whether the announcement was an update to a previously reported venture.
In March 2024, The Information, a technology news website, reported OpenAI and Microsoft were working on plans for a $100 billion data center project that would include an artificial intelligence supercomputer also called "Stargate" set to launch in 2028.
POWER-HUNGRY DATA CENTERS
The announcement on Trump's second day in office follows the rolling back of former President Joe Biden's executive order on AI, that was intended to reduce the risks that AI poses to consumers, workers and national security.
AI requires enormous computing power, pushing demand for specialized data centers that enable tech companies to link thousands of chips together in clusters.
"They have to produce a lot of electricity, and we'll make it possible for them to get that production done very easily at their own plants if they want," Trump said.
As US power consumption rises from AI data centers and the electrification of buildings and transportation, about half of the country is at increased risk of power supply shortfalls in the next decade, the North American Electric Reliability Corporation said in December.
As a candidate in 2016, Trump promised to push a $1 trillion infrastructure bill through Congress but did not. He talked about the topic often during his first term as president from 2017 to 2021, but never delivered on a large investment, and "Infrastructure Week" became a punchline.
Oracle shares were up 7% on initial report of the project earlier in the day. Nvidia, Arm Holdings and Dell shares also rose.
Investment in AI has surged since OpenAI launched ChatGPT in 2022, as companies across sectors have sought to integrate artificial intelligence into their products and services.