· 7h · on MSN
SoftBank Joins OpenAI, Oracle in AI Pact Unveiled by Trump
SoftBank Shares Jump After Unveiling $500 Billion Venture With OpenAI
SoftBank Group shares jumped after the company and ChatGPT-maker OpenAI announced plans to invest up to half a trillion dollars in artificial-intelligence infrastructure in the U.S. Shares rose 8.8% to 10,060 yen, or equivalent to $64.69, on Wednesday in Tokyo, after climbing as much as 9.2% earlier, to their highest level since July.
Oracle’s Stock Surges as $500B Trump-Endorsed AI Initiative Unveiled
Major tech companies have launched the $500 billion 'Stargate' project to advance AI infrastructure in the US, creating 100,000 jobs.
2h
Elon Musk is already casting doubt on OpenAI’s new, up to $500 billion investment deal with SoftBank (SFTBY) and Oracle (ORCL), despite backing from his allies — including President Donald Trump.
Trump was joined by Oracle founder Larry Ellison, OpenAI CEO Sam Altman, and SoftBank CEO Masayoshi Son, who said the investment would start with $100 billion, plus a goal of $500 billion over the course of four years.
SoftBank CEO Masayoshi Son's plan to invest billions in AI in the United States shows one way to handle the new Trump administration: go big and deal with the details later. For a Japan Inc anxious ab
EFishery Pte, one of Indonesia’s most prominent startups, may have inflated its revenue and profit over several years, according to an internal investigation triggered by a whistleblower’s claim about the company’s accounting.
The president said it will be the largest AI infrastructure ever built and that it will help counter technology threats from China and other countries.
Tesla Inc. CEO Elon Musk cast doubt Wednesday on the ambitious $500 billion Project Stargate, hours after its announcement, claiming lead investor SoftBank Group SFTBY -0.36% + Free Alerts SFTBF + Free Alerts has “well under $10B secured.”
Kyodo News on MSN10h
Tokyo stocks surge on firm chip shares led by SoftBank GroupTokyo stocks ended sharply higher Wednesday, driven by gains in semiconductor-related shares following news that SoftBank Group will
Former SoftBank exec Akshay Naheta's startup, Distributed Technologies Research, is trying to bridge the gap between banking and blockchain tech. Akshay Naheta, a former SoftBank dealmaker, builds new-age pipes to modernize global payment networks.
Kyodo News on MSN13h
Tokyo stocks sharply higher in morning as SoftBank Group soarsTokyo stocks were sharply higher Wednesday morning, led by rises in SoftBank Group following news it would be part of a massive artif
Company created to invest in US-based AI infrastructure for OpenAI is backed by SoftBank, OpenAI, Oracle, and MGX.
A group of companies including OpenAI and SoftBank on Tuesday said they would commit $100 billion to artificial-intelligence infrastructure and as much as to $500 billion in the next four years. Their joint venture, known as Stargate, was announced at a White House ceremony with President Donald Trump.
Some results have been hidden because they may be inaccessible to you
Show inaccessible results
Feedback